Economics of gas to wire technology applied in gas flare management

2.50
Hdl Handle:
http://hdl.handle.net/2436/620434
Title:
Economics of gas to wire technology applied in gas flare management
Authors:
Ojijiagwo, Emeka; Oduoza, Chike F.; Emekwuru, Nwabueze
Abstract:
Our environment is increasingly being endangered by the introduction of greenhouse gases which are continuously produced from gas flaring processes. Currently, total volume of gas flared globally amounts to 100 billion cubic meters (BCM) annually. Nigeria flares about 18.27 BCM and loses approximately $2 billion yearly. This statistics indicates the urgent need to conduct research aimed at addressing both the environmental impact of gas flaring and the economic implications. This research studies the economic viability of using gas to wire (GTW) technology as an integral component of gas flare management. The investigation critically evaluates the cost implications and impact of the GTW technology. The research method involves the interview of key experts and practitioners in the field. The interviews are structured to obtain information on the total volume of gas produced, utilised and flared in two major gas and electricity producing firms in Nigeria. The data obtained show that the gas producing company flares about 8.33% of its total production which is in excess of the 6.6 million cubic meters (MCM) utilised daily. This study demonstrates that in the Nigerian oil and gas sector, one unit of gas turbine having 0.93 MCM gas consumption capacity generates 150 MW of electricity daily. It is found in result evaluation that 50 turbines are sufficient to consume an average of 46.5 MCM of gas daily to generate 7500 MW of electricity. Economic analysis shows that there is an annual net profit of £2.68 billion gained from flare prevention and overall environmental protection.
Citation:
Economics of gas to wire technology applied in gas flare management 2016, 19 (4):2109 Engineering Science and Technology, an International Journal
Publisher:
Elsevier B V
Journal:
Engineering Science and Technology, an International Journal
Issue Date:
Dec-2016
URI:
http://hdl.handle.net/2436/620434
DOI:
10.1016/j.jestch.2016.09.012
Additional Links:
http://linkinghub.elsevier.com/retrieve/pii/S2215098616307765
Type:
Article
Language:
en
ISSN:
2215-0986
Appears in Collections:
FSE

Full metadata record

DC FieldValue Language
dc.contributor.authorOjijiagwo, Emekaen
dc.contributor.authorOduoza, Chike F.en
dc.contributor.authorEmekwuru, Nwabuezeen
dc.date.accessioned2017-03-28T14:17:22Z-
dc.date.available2017-03-28T14:17:22Z-
dc.date.issued2016-12-
dc.identifier.citationEconomics of gas to wire technology applied in gas flare management 2016, 19 (4):2109 Engineering Science and Technology, an International Journalen
dc.identifier.issn2215-0986en
dc.identifier.doi10.1016/j.jestch.2016.09.012-
dc.identifier.urihttp://hdl.handle.net/2436/620434-
dc.description.abstractOur environment is increasingly being endangered by the introduction of greenhouse gases which are continuously produced from gas flaring processes. Currently, total volume of gas flared globally amounts to 100 billion cubic meters (BCM) annually. Nigeria flares about 18.27 BCM and loses approximately $2 billion yearly. This statistics indicates the urgent need to conduct research aimed at addressing both the environmental impact of gas flaring and the economic implications. This research studies the economic viability of using gas to wire (GTW) technology as an integral component of gas flare management. The investigation critically evaluates the cost implications and impact of the GTW technology. The research method involves the interview of key experts and practitioners in the field. The interviews are structured to obtain information on the total volume of gas produced, utilised and flared in two major gas and electricity producing firms in Nigeria. The data obtained show that the gas producing company flares about 8.33% of its total production which is in excess of the 6.6 million cubic meters (MCM) utilised daily. This study demonstrates that in the Nigerian oil and gas sector, one unit of gas turbine having 0.93 MCM gas consumption capacity generates 150 MW of electricity daily. It is found in result evaluation that 50 turbines are sufficient to consume an average of 46.5 MCM of gas daily to generate 7500 MW of electricity. Economic analysis shows that there is an annual net profit of £2.68 billion gained from flare prevention and overall environmental protection.en
dc.language.isoenen
dc.publisherElsevier B Ven
dc.relation.urlhttp://linkinghub.elsevier.com/retrieve/pii/S2215098616307765en
dc.rightsArchived with thanks to Engineering Science and Technology, an International Journalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectGas flare reductionen
dc.subjectGas-to-wire technologyen
dc.subjectEconomic valuationen
dc.subjectPower generationen
dc.titleEconomics of gas to wire technology applied in gas flare managementen
dc.typeArticleen
dc.identifier.journalEngineering Science and Technology, an International Journalen
dc.date.accepted2016-09-
rioxxterms.funderInternalen
rioxxterms.identifier.projectUoW280317COen
rioxxterms.versionVoRen
rioxxterms.licenseref.urihttps://creativecommons.org/CC BY-NC-ND 4.0en
rioxxterms.licenseref.startdate2017-03-28en
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