Paper Information

Journal:   ENERGY ECONOMICS REVIEW   SPRING 2012 , Volume 9 , Number 32; Page(s) 1 To 24.
 
Paper:  ECONOMIC EVALUATION OF CONSTRUCTION OF GTL PLANT IN IRAN UNDER CONDITIONS OF REMOVAL OF FUEL SUBSIDIES
 
Author(s):  SALIMIFAR MOSTAFA, HOSSEINI SEYYED HAMED*
 
* FACULTY OF ECONOMICS, FERDOWSI UNIVERSITY OF MASHHAD
 
Abstract: 

Use of Gas-to-Liquid (GTL) Technology to transform gas into more easily exported products is of great interest to Iran as the country with the second most significant natural gas reserves in the World. This paper studies the economic feasibility of GTL using the COMFAR III software emphasizing NPV, IRR, MIRR, normal and dynamic Payback period criteria, in the context of removal of fuel subsidies in Iran. The study uses sensitivity analysis to check the effect of possible changes on main factors, such as scale (capacity), capital cost, crude oil price and "with" or "without" gas refinery plant on profitability of GTL products. The results confirm the feasibility of GTL technology and indicate the any decrease in capital and operating costs and increase in crude oil price increases the profitability of the project.

 
Keyword(s): NATURAL GAS, PROJECT EVALUATION, REVENUE, HYDROCARBON FUELS, COMF AR III SOFTWARE
 
References: 
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