The analysis of the SCGT (Semi-Closed Gas Turbine cycle) is extended to the treatment of acid condensation (sulphur compounds) at the exit of the separator (SEP), with reference to different possible configurations already studied from the thermodynamic and environmental points of view. This detailed analysis was considered necessary because the natural gas fuel can contain a small amount of H2S which, reacting with air, can form SO2 and finally sulphuric acid. This can represent a problem (mainly from the economic point of view) because of the possibility of sulphuric acid condensation at the exit of the separator, where the temperature can reach values below the acid dew point of the mixture. The data obtained from ENI publications were used for the natural gas composition, and a 0.005% H2S molar fraction was additionally hypothesized. With these assumptions, about 0.1% SO2 can be found in the exhaust gases at the separator inlet. Aspen Plus was used in order to evaluate the chemical effects of the acidity of the condensate produced in the separator. An evaluation about costs of the devices to be used for condensation of the recirculated flue gas humidity has been performed, considering use of the special materials necessary for reducing the aggressive effects of acid water condensation. A final evaluation of the overall conversion system plant is also produced, showing the economic balance in terms of resulting cost of the unit of electrical energy produced and of inlet power in terms of fuel. The results are also evaluated in terms of CO2 emissions, considering the ratio between the global cost of the power generation plant and the global carbon dioxide emissions, compared to other types of energy conversion open cycle solutions.