Cyprus Natural Gas Development Needs New Flame says TRU

NICOSIA, Cyprus, Jan. 5, 2015 /PRNewswire/ -- "Cyprus is a good location for medium scale gas-based chemical production like urea fertilizer," says engineering consultants TRU Group Inc of USA & Canada. Edward Anderson, TRU President, is visiting Cyprus to seek investor interest in building niche natural gas derived chemical or medium-scale energy-intensive industrial operations. The nature of the business we plan to establish will be firmed up over the next few months but could range from the formation of a chemical manufacturing company to only providing the engineering. Our plan fits well with the developing situation on gas exploration around Cyprus as the proposed plants may be a better option than, and substitute for, uneconomic liquefaction or export pipeline for natural gas - especially if proven gas reserves are limited yet can be delivered to Cyprus industrial users at a highly competitive price (preferably around $4 per GJ or $150 per 1000 cubic meters of gas).

A 1.3 million tpy urea fertilizer plant would consume 0.8 billion cubic meters of natural gas per year compared to a minimum 5 billion for an economic LNG processing terminal. The urea is produced by the chemical reforming of the gas and an alternative example would be a 30,000 tpy magnesium metal smelter that would consume 0.2 billion cubic meters of natural gas for heat energy.

In addition to industrial use of gas, more emphasis should be on utility infrastructure: At least 0.5 billion cubic meters of the gas supply to Cyprus could be used for power generation and natural gas fired cooling / heating of buildings could be widely applied. Lower Cypriot energy costs would have positive impacts on development (including even tourism)."Whether or not a LNG terminal materializes, the proper strategic focus should in any event be on maximizing domestic consumption of natural gas and making sure that it is available at low cost, for the full benefit of Cyprus," says Anderson.

TRU Group Inc is a leader in gas chemicals engineering. TRU has a specialized team working in all aspects of natural gas chemicals. The Team has a particular capability in Ammonia-Urea Plants with recent 2012-13 experience on a very similar TRU project and whose team members having worked on more than twenty Ammonia-Urea facilities around the world. Interested parties or investors are invited to contact TRU by email or cell phone and to visit our website for more information http://trugroup.com/tru-gasifier-consultant.  

Download PDF of Cyprus Natural Gas release: http://trugroup.com/downloads/tru-cyprus-natural-gas-chemicals-release-2015-01-05.pdf

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

SOURCE TRU Group Inc

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http://www.trugroup.com/

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