Chevron 2005 Annual Report Download - page 17

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Ultraclean Fuel for the Future
Through our joint venture with Sasol, the South Africa-based pioneer of gas-to-liquids (GTL)
technology, we are pursuing projects to turn natural gas into an ultraclean transportation fuel
that can improve the performance of conventional diesel engines. In Nigeria, the joint venture is
providing management as well as operating and technical services for a 34,000-barrel-per-day
plant under construction at Escravos. The project is a signifi cant step toward realizing a cleaner
environment for Nigeria, creating employment opportunities and generating revenue for the
country, and delivering the promise of natural gas.
In 2005, the Escravos GTL project entered a $1.7 billion engineering, procurement and construction phase — a milestone
for the year. We expect GTL diesel from Nigeria to be fueling cars and trucks in Europe by the end of the decade. In addition
to Escravos, Sasol Chevron is pursuing other GTL opportunities. In Qatar, the company is evaluating a planned $6 billion
slate of commercial-scale projects, and it is exploring GTL opportunities in Australia.
A HOST OF OPPORTUNITIES
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