GTL or LNG: Which is the best way to monetize "stranded" natural gas?

A large portion of world's natural gas reserves are "stranded" resources, the drive to monetize these resources leads to the development of gas-to-liquids (GTL) and liquefied natural gas (LNG) technologies. LNG has the advantage of having been developed for the past 40 years and having an excellent safety record. GTL on the other hand is another option with substantial benefits, but its development stage and commercial viability are far behind LNG. This paper presents a techno-economic comparison of GTL with LNG, including technical development, plant efficiency, market potential for the products, and capital cost for the infrastructure. The aim is to give an overall view on both LNG and GTL and provide a perspective on the profitability of these two technologies.