Financial Feasibility Study For The Ground Project Of The NO.1 Gas Field Of Changling

As the world economy, global energy consumption is growing, in 1995, total global energy consumption is 86.65×108t (very oil), and by 2007, global energy consumption reached 110.99×108t (very oil) , increased as 28.09%, average annual growth rate is 2.2%, showing rapid growth. Today's world, oil, coal and natural gas are the three major energy, dominate the world energy consumption, but with the coal and dwindling oil reserves is reducing and natural gas as a rich reserved energy will be a leading energy supplies. The energy structure is moving in the direction of low-carbon development, the proportion of coal and oil consumption decreased; natural gas, hydropower, nuclear power and the gradual increase in the proportion of renewable energy. China's natural gas industry, although rather late, but has passed the start-up period, is in rapid development period is expected in the past decade, China's natural gas market will mature, so that current and future development of China's natural gas industry gold period, not only an opportunity but also a challenge. the NO.1 gas field project of Changling is a natural gas project ,it is in the City of Songyuan in Jilin, this article is a financial feasibility study for the NO.1 gas field project of Changling.Project financial feasibility study is the improve enterprise investment scientific decision indispensable, is to promote the suitable use of resources, enhance competitiveness of the important guarantee of the enterprise itself and the national economy's sustained and healthy development of great significance. It is an important part of the project decision-making, whether the project early or mid-term and post-evaluation are inseparable from the project financial feasibility study. It is not only the project's starting point but also the basis for follow-up project. Early in the investment feasibility study for its full demonstration of the economic, in the beginning of the project on the attention to risk and help reduce the blind and play a limited capital investment effectiveness, so as to provide scientific basis for investment decisions to reduce and avoid investment decision-making errors. The specific steps of project financial feasibility study :①the basis of financial data to project estimates;②computing business income, estimated costs;③preparation of the financial evaluation report;④financial benefits calculated indicators, profitability analysis and solvency analysis;⑤uncertainty analysis;⑥financial evaluation conclusions drawn. In this article, qualitative and quantitative, static and dynamic combination of financial evaluation, based on the project investigation, analysis, calculation ,first, taking product markets, investment and financing estimates, cash flow estimates, profitability, compensation debt capacity on analysis, visit the project's profitability and solvency, and to prepare the relevant financial statements, which involve internal rate of return, net present value, payback period, ROI, debt ratio, liquidity ratio, liquid proportion of the relevant indicators calculated final factor affecting the project's main uncertainty analysis carried out, including the project break-even analysis and sensitivity analysis, analysis of the project's market capacity and anti-risk ability to adapt, to improve the project evaluation in rightly and reliability.The natural gas market analysis starting from the advantages of natural gas, described the gas relative to other energy sources (coal and oil, etc.) of the edge between. However, the development of China's natural gas industry lags behind, so that although the reserves are rich but the lack of effective and efficient use of exploitation, and consumption is very limited areas, these are the status of China's natural gas market. Although there is insufficient natural gas market in China, but natural gas industry development potential is enormous, and our present business section of the gas market in the state, due to transmission problems and the protection of government policies, on the other market players formed a relatively high barriers to entry, monopoly natural gas in the state, and the use of natural gas, companies and the public have no choice. As natural gas industry workers should seize this important opportunity for the development of large, bold, creative and natural gas industry development in China, to improve the ecological environment, to create a harmonious society and make greater contribution.This core of the article is the financial evaluation of projects, combined with the financial feasibility analysis of the basic theory and relevant methods on the NO.1 gas field project of Changling, the financial viability of the project has conducted research and evaluation of the results obtained. First of all, selection for the base data and parameters and preparation of related financial statements, specifically relating to investment estimates, funds of financing and investment plans, sales income forecast, Operating costs and other costs and expenses forecasts, and then come into Estimated investment statements, financial and cash flow estimates tables, income and profit distribution statement, balance sheet and so on. Through analysis of profitability, come into that internal rate of return, net present value, payback period, ROI and other related indicators values of the NO.1 gas field project of Changling ,and all the values of each index reach the project requirements; Through solvency analysis, come into assets liabilities, liquidity ratio, proportion ratio, the result show that assets and liabilities of the project results at a lower rate level, the project's current ratio and proportion are frozen at a high level, indicating a lower financial risk the project, asset liquidity of better, more powerful short-term solvency; through the project break-even analysis, the project has obtained a lower balance point, is a high security projects. Finally a sensitivity analysis on the project, to consider the project internal rate of return relative to product prices, operating costs, investment cost sensitivity of the three factors, at last the conclusion come into a sensitivity analysis table, in accordance with the internal rate of return of various factors on the influence of the followed by high to low is investment costs, operating costs, product prices. The results show that the NO.1 gas field project of Changling can bring good economic and social benefits, the project is financially feasible.