TABLE OF CONTENT
TITLE PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT
CHAPTER 1
INTRODUCTION
1.1 BACKGROUND
1.2 NATURAL GAS AND THE NIGERIAN ECONOMY
1.3 OBJECTIVE
1.4 PROBLEM STATEMENT
CHAPTER II
LITERATURE REVIEW
2.1 GAS UTILISATION IN NIGERIA
2.2 LIQUEFIED NATURAL GAS
2.3 FISCHER TROPSCH GAS TO LIQUID TECHNOLOGY
2.3.1 SYNGAS PRODUCTION
2.3.2 FISCHER-TROPSCH PROCESS
2.3.3 PRODUCT UPGRADE
2.4 RISK PROFILE OF LNG AND FT-GTL
2.4.1 TECHNOLOGICAL RISK
2.4.2 MARKET RISK
CHAPTER III
ECONOMIC ANALYSIS OF F-T GTL AND LNG TECHNOLOGIES
3.1 RANKING OF PROJECTS
3.1.1 NET PRESENT VALUE (NPV)
3.1.2 INTERNAL RATE OF RETURN (IRR)
3.1.3 PROFITABILITY INDEX (PI)
3.1.4 BREAK-EVEN ANALYSIS
3.1.5 BENEFIT-COST ANALYSIS
3.20 DEFINITION OF ECONOMIC TERMS USED
3.2.1 CASH FLOW
3.2.2 TOTAL CAPITAL INVESTMENT (TCI)
3.2.2.1 ESTIMATING CAPITAL EXPENDITURE
3.2.3 PRODUCTION COST
3.2.4 SALES REVENUE
3.2.5 PRODUCT PRICING
3.2.6 PLANT LOAD FACTOR
3.2.7 OPERATING TIME
3.2.8 PLANT USEFUL LIFE
3.2.9 TAX RATE
3.2.10 PLANT CAPACITY
3.2.11 CONSTRUCTION AND CASH OUTFLOW
3.2.12 BASE CASE
3.3.0 GENERAL ASSUMPTIONS
CHAPTER IV
RESULT AND DISCUSSION FOR LNG AND FT-GTL PROJECTS
4.1 PROFITABILITY ANALYSIS
4.2 SENSITIVITY ANALYSIS
4.2.1 LNG SENSITIVITIES
4.2.2 FT-GTL SENSITIVITY ANALYSIS
4.3 VERIFICATION OF RESULT
CHAPTER V
CONCLUSIONS AND RECOMMENDATION
5.1 CONCLUSION
5.2 RECOMMENDATIONS
6.0 REFERENCES