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Energy Solutions to Combat Global Warming pp 119–132Cite as

Economic Analysis of LNG Cold Energy Utilization

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Part of the book series: Lecture Notes in Energy ((LNEN,volume 33))

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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Author information

Authors and Affiliations

  1. CNOOC Cryogenic Energy Utilization Research Institute, Ambassador Mansion, B21, Jiu Xian Qiao Road, Chaoyang District, Beijing, China

    Kezhong Jiang

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  1. Kezhong Jiang
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Correspondence to Kezhong Jiang .

Editor information

Editors and Affiliations

  1. College of Engineering, Peking University, Beijing, China

    XinRong Zhang

  2. Faculty of Engineering and Applied Science, Department of Mechanical Engineering, University of Ontario, Oshawa, Ontario, Canada

    Ibrahim Dincer

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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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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-26948-1

  • Online ISBN: 978-3-319-26950-4

  • eBook Packages: EnergyEnergy (R0)

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