SOURCE: Zeus Development Corporation
HOUSTON, TX--(Marketwired - Apr 15, 2014) - The GTL North America conference to be held June 3-5 in Houston is pleased to announce that attorney Jesús Rodríguez Dávalos, board member of the Mexican Natural Gas Association, and Timothy Vail, CEO of G2X Energy, will round out this year's program. Mr. Rodríguez Dávalos, an authority on Mexico's gas markets and prospects in light of recent amendments to encourage greater foreign investment, will discuss the latest status and market opportunities as Mexican lawmakers pass final legislation.
"Mexico is believed to contain an abundance of oil and gas bearing shale formations," said Chris Cothran, lead gas-conversion analyst at Zeus Intelligence, the conference organizer. "With these constitutional reforms, the country stands to join Canada and the U.S. in the economic bonanza that is benefitting North America."
Mexico's December 2013 constitutional amendments represent the biggest economic revamp for the country since the North American Free Trade Agreement was implemented in 1994. The changes have prompted Moody's Investors Service to raise Mexico's credit rating to A3, forecasting that it will add about 1 percent to economic growth. Greater gas production will enable Mexico to utilize more gas, reserving its oil for export.
Companies that stand to benefit are developers such as G2X Energy. Early last year, G2X announced that it has entered into a licensing agreement to use ExxonMobil methanol-to-gasoline (MTG) technology to develop a world-scale natural gas to gasoline project in South Louisiana. CEO Tim Vail has been asked to provide details during the conference.
Recent analysis by Zeus has identified 43 gas-conversion projects in development in North America. Interest continues to grow. A full survey of the projects is available at http://www.gtlnorthamerica.com/forms/modular-gas-conversion-survey/.
Joining Davalos and Vail will be Armen Abazajian, Worley Parsons senior supervising process engineer; Terry Higgins, Hart Energy executive director of global refining and special projects; and Ramesh Raman, Taylor Dejongh managing director. The full program of 25 speakers can be viewed online at http://www.gtlnorthamerica.com/program/.
Sponsors for the fourth annual GTL North America conference include Ventech Engineers International LLC, BP/JM Davy Technologies LLC and Axens. The event will be held, June 3-5, at the Houston Westin Galleria hotel. It also features a preconference workshop conducted by Fluor Corporation and a tour of Ventech's modular fabrication facility in Pasadena, TX. More information available online: http://www.gtlnorthamerica.com.