Economic Benefit Analysis

Economic Benefit Analysis
Aug 13, 2025


Economic Benefit Analysis

Economic Benefit Analysis
i.Case 1: 50,000 cubic meters LNG liquid plant

A certain LNG liquid plant (50,000 cubic meters) project has an annual operating time of 360 days. 

The project is equipped with two 1000kW units in parallel to form a power supply device to supply power to the liquid plant, with an average power supply load of 1075kW. 

Economic benefit analysis comparing the costs of three energy sources: natural gas, grid electricity and diesel:

Energy CatalogUnit calorific valueCost per kilowatt-hourAnnual consumptionPriceTotal cost(¥)
Natural Gas35.88MJ/Nm30.281¥/kwh2,900,000 Nm30.9 ¥/Nm32,610 K
Grid Electricity3.6MJ/kwh0.65¥/kwh9,290,000 kwh0.65 ¥/kWh6,040 K
Diesel33MJ/L1.49¥/kwh2136 Ton4900 ¥/Ton10,460 K

Note: The average diesel price is 4,900¥/ton, grid electricity is 0.65¥/kwh, and wellhead gas price is 0.9 ¥/Nm3; the average power eneration of gas units is 3.2kWh/Nm3.

The cost of using natural gas for power supply is more than 55% lower than grid electricity and more than 75% lower thandiesel, which is a significant benefit.

ii.Case 2: Drilling Gasification Project

A drilling rig gasification project of a drilling team (70DB drilling rig) uses LNG gas supply, the designed drilling depth is 7947 meters, and the drilling period is 122 days; 

the project is equipped with three 1000kW units and one 500kW unit in parallel to form a power supply device to supply power to the well team.  

Economic benefit analysis of the comparison of the two energy costs of natural gas and diesel:

Energy TypeUnit calorific valueConsumption quantityPriceTotal cost(¥)
Natural Gas
35.88MJ/Nm31,030,000 Nm32.6 ¥/Nm32,678 K
Diesel33MJ/L735 Ton4900 ¥/Ton3,601 K

Note: The average diesel price is 4,900¥/ton, and the gas price is 2.6¥/Nm3; the gas consumption during the entire drilling cycleis 1.03 million cubic meters; the power generation is 3,138,628 kWh, and the load factor is relatively low, with an average power generation of 3 kWh/Nm3.

Using natural gas to generate electricity saves 923,000¥ compared to diesel, a savings rate of 25.6%; it also saves diesel transportation costs, diesel generator equipment maintenance costs, etc., with an overall savings rate of more than 26%.




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