20May 2019

APPLICATION OF CNG-P, A NEWLY DEVELOPED SOFTWARE FOR THE ECONOMIC ANALYSIS OF THE USE OF CNG VEHICLES AS MEANS OF PUBLIC TRANSPORTATION IN NIGERIA.

  • Department of Petroleum Engineering, Federal University of Technology, Owerri.
  • Department of Mechanical Engineering, Federal University of Technology, Owerri.
Crossref Cited-by Linking logo

Plum Print visual indicator of research metrics
  • Captures
    • Readers: 1
see details

  • Abstract
  • Keywords
  • References
  • Cite This Article as
  • Corresponding Author

Economic Analysis of the use of CNG Vehicles as means of Public Transportation in Nigeria using CNG-P, a Newly Developed Software is presented in this work. Port Harcourt ? Onitsha expressway is taken as case. This involves analysis on collection of gas from the sales point which is taken as a treatment plant about 10km off the route, through the pipelines to the sites of the CNG refueling stations which would be installed along the route to refill the vehicles. CNG-P was developed and used to conduct economic analysis of the project. The economic parameters determined with CNG-P are: capital costs; operating costs; gross revenue; net revenue; net present value; and profit per Naira invested. From the analysis, the project is found to be very economically viable as it generates high net present value of $829million and profit per Naira invested of 0.72. When compared with the results got by doing the analysis manually, the results got using CNG-P were found to correlate to a very high degree with the results got by performing the calculations manually. This new software is an excellent contribution to knowledge as it would make it much simpler for gas operators who wish to invest in CNG vehicles project to take well-balanced economic decisions.

  1. Allen R. (1999). New fuel cleans up: CNG: Compressed natural gas is rapidly gaining popularity with drivers; Surveys edition. Financial Times. p.?17. 1999-05-11.
  2. Anyadiegwu C.I.C. (2012): Development and Conversion of Depleted Oil Reservoirs for Underground Natural Gas Storage in the Nigeria. International Journal of Engineering Innovations, CEN-2012-391, July, 2012, Pan-African Journal Series, Accra, Ghana.
  3. Anyadiegwu C I C, Ohia N P and Muonagor C M (2017). Economic Analysis of Utilising Compressed Natural Gas (CNG) as Vehicular Fuel in Nigeria. Recent Advances in Petrochemical Sciences. Volume 3, Issue 4, October 2017.
  4. California Energy Commission (2013). Compressed Natural Gas (CNG) as a Transportation Fuel. Consumer Energy Center; retrieved consumerenergycenter.org, July 2013
  5. Consumer Reports (2014). The Natural Gas Alternative, the Pros and Cons of Buying a CNG-powered Car. Consumer Reports, Updated April 2014.
  6. Cornot-Gandolphe, S., Appert, O., Dickel, R., Chabrelie, M., and Rojey, A. (2003). The Challenges of Further Cost Reductions for New Supply Options (Pipeline, LNG, GTL). 22nd World Gas Conference, 1-5 June 2003, Tokyo, Japan.
  7. Gaius-Obaseki, J. E. (2001). CNG as an Alternative Fuel for Nigeria. A Lead Paper Presented at NAICE of SPE, Abuja, August 6-8.
  8. GNVNews (2006).?Montadores Investem nos Carros ? GNV (in Portuguese). Institutio Brasileiro de Petroleo e Gas. Retrieved?2008-09-20.
  9. Honda (2007). Civic GX FAQ.honda.com. Archived from the original?on 2007-08-21.
  10. Honda (2012). Civic Natural Gas Specifications. Automobiles.honda.com. Retrieved?2012-03-14.
  11. Igweonu, E. I. and Mbabuike, I. U. (2011). Utilization of CompressedNatural Gas in Nigeria: A Case for Natural Gas Vehicles. Continental Journal of Renewal Energy 2 (2): 1-9, 2011 ISSN: 2251-0494.
  12. Izuwa, N.C. (2015). Evaluation of Natural Gas Hydrate Technology Potential for Gas Flaring Reduction. International Research Journal in Engineering, Science and Technology, Vol 12, Issue 2.
  13. Izuwa, N.C. (2017). Improving Natural Gas Distributions and Management in Nigeria. International Journal of Scientific and Engineering Research, Vol 8, Issue 7, July 2017.
  14. Naqvi, S. (2014). Natural Gas Monetization Options: A Comparison ofEconomics. HIS Special Report, September, 2014.
  15. Oilserve Nigeria Limited (2004). Ongoing Power Plant Stations and Pipeline Projects Listing, Port-Harcourt, Nigeria.
  16. Rapu, C. S., Adenuga, A. O., Kanya, W. J., Abeng, M. O., Golit, P. D., Hilili, et al (2015), Analysis of Energy Market Conditions in Nigeria. Central Bank of Nigeria (CBN), Occasional PaperNo. 55, October 2015.
  17. Smith, M. and Gonzales, J. (2014). Costs Associated With Compressed Natural Gas Vehicle Fueling Infrastructure. Energy Efficiency and Renewable Energy, US Department of Energy. September, 2014.
  18. United States Department of Energy (2016). Energy Efficiency and Renewable Energy. Alternative Fuels Data Centre: Natural Gas Basics, http://www.afdc.energy.gov/fuel/natural_gas_basics.html.
  19. United States Department of Energy (2017). Compressed Natural Gas Refuelling Stations. Alternative Fuels Data Centre, a Resource of the U.S. Department of Energy?s Clean Cities Program, Retrieved 04/12/2017.
  20. US DOE (2017a). Vehicle Search. Alternative Fuels Data Centre, a resource of the U.S. Department of Energy's Clean Cities?program, retrieved 04/12/2017.
  21. United States Energy Information Administration (2016). Retrieved 2017/09/09 www.eia.org.
  22. Wikimedia (2017). Compressed Natural Gas. Wikimedia Foundation Inc. retrieved www.wikipedia.org, August, 2017.

[Igbojionu A.C., Anyadiegwu C.I.C., Obah B., Anyanwu E.E. and Izuwa N.C. (2019); APPLICATION OF CNG-P, A NEWLY DEVELOPED SOFTWARE FOR THE ECONOMIC ANALYSIS OF THE USE OF CNG VEHICLES AS MEANS OF PUBLIC TRANSPORTATION IN NIGERIA. Int. J. of Adv. Res. 7 (May). 551-560] (ISSN 2320-5407). www.journalijar.com

Anyadiegwu Charley Iyke
Department of Petroleum Engineering, Federal University of Technology, Owerri, Nigeria.

DOI:

Article DOI: 10.21474/IJAR01/9072      
DOI URL: https://dx.doi.org/10.21474/IJAR01/9072

Download Full Paper

Download PDF No. of Downloads: 14 | No. of Views: 131