This paper presents the evaluation of the life cycle cost (LCC) of the natural gas pipeline investment using ‘’techno-economic and environmental risk assessment’’ (TERA) technique. The significance of this paper is to evaluate the cost implication of all the parts of this research work. The selected engines models for the gas compressor drive were developed based on public domain specification, using an inhouse engine performance simulation software: TURBOMATCH. | Techno economic evaluation of pipeline compression system Economic evaluation of the natural gas pipeline compression system - Part 3