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Economic and Technological Analysis of Commercial LNG Production in the EU

Author

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  • Vladimír Hönig

    (Department of Chemistry, Faculty of Agrobiology, Food and Natural Resources, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech Republic
    Department of Strategy, Faculty of Business Administration, University of Economics, Prague, W. Churchill Sq. 1938/4, 130 67 Prague 3, Czech Republic)

  • Petr Prochazka

    (Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech Republic)

  • Michal Obergruber

    (Department of Chemistry, Faculty of Agrobiology, Food and Natural Resources, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech Republic)

  • Luboš Smutka

    (Department of Trade and Finance, Faculty of Economics and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 00 Prague 6, Czech Republic)

  • Viera Kučerová

    (Department of Chemistry and Chemical Technology, Faculty of Wood Sciences and Technology, Technical University in Zvolen, 960 53 Zvolen, Slovakia)

Abstract

There is a global need to increase the production of alternative sources of energy due to many issues related to conventional sources, such as environmental degradation or energy security. In this paper, decentralized liquefied natural gas production is analyzed. Liquefied natural gas, according to the analysis, can be considered a viable alternative even for decentralized applications Design and economic analysis of a small-scale biogas LNG plan together with the necessary technology and economic evaluation are presented in the paper. The results show that a project of the proposed size (EUR 3 million) offers a relatively good profitability level. Specifically, the net present value of the project is mostly positive (around EUR 0.1 million up to EUR 0.8 million). Therefore, based on the research, small LNG plants operating across the continent can be recommended for the processing of local sources of biogas.

Suggested Citation

  • Vladimír Hönig & Petr Prochazka & Michal Obergruber & Luboš Smutka & Viera Kučerová, 2019. "Economic and Technological Analysis of Commercial LNG Production in the EU," Energies, MDPI, vol. 12(8), pages 1-17, April.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:8:p:1565-:d:225766
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