Thermo-economic analysis of a natural gas liquefaction plant
Title
Thermo-economic analysis of a natural gas liquefaction plant
Subject
Natural gas transportation
Liquefied natural gas
Energy management
Alternative fuels
Economic analysis
Waterway transportation
Thermal Engineering
Commerce
Natural gasoline plants
Thermoanalysis
Liquefaction of gases
Fossil fuels
Description
Increasing worldwide energy demand requires the replacement of fossil fuel sources with clean and alternative ones to limit the chances of a climate collapse. In this scenario, natural gas supplies approximately 30% of total energy demand and is forecasted to become increasingly important in the near future. SOx emission limits for maritime transportation redefined by the International Maritime Organization (IMO) and the implementation of the European Directive for Alternative Fuels Infrastructure (DAFI) are going to produce a fast growth in LNG consumption in the coming decades. A thermo-economic analysis of a natural gas liquefaction plant has been conducted. The scheme is a simplified version of ConocoPhillips Optimized Cascade process that takes into account all principal components such as compressors, heat exchangers, after coolers and storage tanks. The aim of this paper is firstly a thermodynamic analysis of a three-pressure levels plant and, secondly, an economic evaluation of the solution, in order to compare the cost of LNG produced with its price on the market. In the end, sensibility analyses have been executed to consider market price variations and estimation errors concerning assumptions made. 2018 The Authors. Published by Elsevier Ltd.
42-49
148
Publisher
73rd Conference of the Italian Thermal Machines Engineering Association, ATI 2018, September 12, 2018 - September 14, 2018
Date
2018
Contributor
Adolfo, Dominique
Carcasci, Carlo
Falchetti, Claudio
Lubello, Pietro
Type
conferencePaper
Identifier
18766102
10.1016/j.egypro.2018.08.017
Collection
Citation
“Thermo-economic analysis of a natural gas liquefaction plant,” Lamar University Midstream Center Research, accessed May 14, 2024, https://lumc.omeka.net/items/show/26679.