ECONOMIC FEASIBILITY STUDY OF SUBSTITUTING GASOLINE WITH CNG IN TEHRAN'S TAXIS

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SOUFI MAJID; ABEDI ZAHRA; ATABI F.

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Journal: Journal of Environmental Studies Year:2008 | Volume:34 | Issue:47 Page(s): 43-50

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Title

ECONOMIC FEASIBILITY STUDY OF SUBSTITUTING GASOLINE WITH CNG IN TEHRAN'S TAXIS

Author(s)

SOUFI MAJID | ABEDI ZAHRA | ATABI F. | Issue Writer Certificate

Keywords

CNGQ3

RATE OF RETURNQ3

ECONOMIC FEASIBILITY STUDYQ3

NET PRESENT VALUE RATIOQ3

TEHRAN'S TAXISQ3

Abstract

Rapid and increasing growth in gasoline consumption and huge natural gas reserves of I.R.Iran - which has positioned the country as the second biggest owner of natural gas reserves - has caused substitution of gasoline with Compressed Natural Gas (CNG) to be the most important priority in the country's energy sector. Tehran's taxi fleet as a public transportation facility is one of the main gasoline consumers. Replacement of CNG for gasoline in the sector can be an effective motivation to generalize and speed up development of CNG industry and it's usage. Nevertheless doing an ECONOMIC FEASIBILITY STUDY is the main principle of such projects in both national and regional levels. In this article, after reviewing the current and existing infrastructures of natural gas production, transportation and distribution, the last situation of CNG industry's development - in the point of national and international view is studied. After that and following a short discussion about the theoretical principles of ECONOMIC FEASIBILITY STUDY, software model of the ECONOMIC FEASIBILITY STUDY which is designed in Excel format along with its results are analyzed in some different scenarios. Results show that replacement of CNG in TEHRAN'S TAXIS is feasible in the point of economics view. Meanwhile altering some of the effective parameters of model (including gas consumption after substitution, Capital expenditures, and natural gas and gasoline prices) in possible scenarios and its effects on the project's economic feasibility are evaluated and some suggestions and recommendations - based on the results - are offered.

Cites

ECONOMIC FEASIBILITY OF ESTABLISHING A SPECIALIZED INSURANCE COMPANY IN OIL, GAS AND PETROCHEMICAL INDUSTRIES IN IRAN

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APA: Copy

SOUFI, MAJID, ABEDI, ZAHRA, & ATABI, F.. (2008). ECONOMIC FEASIBILITY STUDY OF SUBSTITUTING GASOLINE WITH CNG IN TEHRAN'S TAXIS. JOURNAL OF ENVIRONMENTAL STUDIES, 34(47), 43-50. SID. https://sid.ir/paper/2972/en

Vancouver: Copy

SOUFI MAJID, ABEDI ZAHRA, ATABI F.. ECONOMIC FEASIBILITY STUDY OF SUBSTITUTING GASOLINE WITH CNG IN TEHRAN'S TAXIS. JOURNAL OF ENVIRONMENTAL STUDIES[Internet]. 2008;34(47):43-50. Available from: https://sid.ir/paper/2972/en

IEEE: Copy

MAJID SOUFI, ZAHRA ABEDI, and F. ATABI, “ECONOMIC FEASIBILITY STUDY OF SUBSTITUTING GASOLINE WITH CNG IN TEHRAN'S TAXIS,” JOURNAL OF ENVIRONMENTAL STUDIES, vol. 34, no. 47, pp. 43–50, 2008, [Online]. Available: https://sid.ir/paper/2972/en

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