278614 Investment Opportunities in the Liquefied Natural Gas (LNG) Projects and Development: The Emerging Cleaner Fossil Fuel of Higher Energy Efficiency

Thursday, November 1, 2012: 1:30 PM
336 (Convention Center )
Muhammad Idris Sr., Chemical/Process Engineering, University of Maiduguri, Maiduguri, Nigeria



The LNG remains one of the cleanest, cheapest (except electricity) and higher energy efficiency products toward the actualisation of global energy and utilisations. In these studies, concise effort was used to review the LNG process description and most importantly, the liquefaction processes in a modern scope. The focus on this paper is to highlight the various LNG investment opportunities globally. Apart from the usefulness of LNG production for economic gains, it help in reducing the flaring of global natural hydrocarbon which are further transform into economy values and environmental friendliness. In term of financial gain, Nigeria alone generates an approximate sum of revenue above $200 million US in a month, while the global world through LNG production has an approximate benefit to the tune of $5 billion US monthly. The interest on this study is to highlights the investment opportunities and possible gains to the investors in the oil and gas projects, because of its viability and high economic advantages in various ways when LNG is compared to other fossil fuel.


Keywords: LNG, NLG, MCHE, PMR, Investment Opportunities






Correspondence Author: *Dr. (Engr.) M. N. Idris; MAIChE, AMIChemE, MNSE (muhinu@hotmail.co.uk), Department of Chemical Engineering, University of Maiduguri, Nigeria and/or IPSE-ERRI, SPEME, University of Leeds, United Kingdom, LS2 9JT, Tel: +234(0)705 8771 096

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