Abstract
Global warming has been widely concerned in the world. Liquefied natural gas (LNG) cold energy utilization would generate the obviously economic benefits, and demonstrably reduce CO2 emissions. The industrialization of China National Offshore Oil Corporation showed the necessity and feasibility of LNG cold energy utilization. Based on the discussion of the world LNG cold energy utilization, the paper analyzes the direct economic, social, and macro-economic efficiency of LNG cold energy utilization. In the global energy saving background, the article suggests that LNG cold energy utilizations should make reasonable processes and avoid potential market risks rationally. Furthermore, it should comprehensively analyze the economic feasibility of LNG cold energy projects from the economic benefits, energy saving efficiency, and macro-economic benefits. Based on the existent LNG cold energy utilization technologies in China, about 2.356 million tons of the standard coals will be saved and 6.173 million tons CO2 emissions will be reduced in 2020.
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Abbreviations
- AP:
-
Air Products and Chemicals, Inc.
- Bcm:
-
Billion cubic meters
- CCER:
-
Chinese certified emission reduction
- CDM:
-
Clean development mechanism
- CNOOC:
-
China National Offshore Oil Corporation
- EMC:
-
Energy management contract
- GDP:
-
Gross domestic product
- IRR:
-
Internal rate of return
- LiAr:
-
Liquid argon
- LiN2 :
-
Liquid nitrogen
- LiO2 :
-
Liquid oxygen
- LNG:
-
Liquefied natural gas
- NG:
-
Natural gas
- NPV:
-
Net present value
- PP:
-
Payback period
- CO2 :
-
Carbon dioxide
- NO x :
-
Nitrogen oxides
- SO2 :
-
Sulfur dioxide
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Jiang, K. (2017). Economic Analysis of LNG Cold Energy Utilization. In: Zhang, X., Dincer, I. (eds) Energy Solutions to Combat Global Warming. Lecture Notes in Energy, vol 33. Springer, Cham. https://doi.org/10.1007/978-3-319-26950-4_5
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DOI: https://doi.org/10.1007/978-3-319-26950-4_5
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