Baku, Azerbaijan, Jan.17
By Leman Zeynalova – Trend:
Oil will remain the world’s primary energy source by 2040, fulfilling one third of all demand, according to the latest Outlook for Energy of the US ExxonMobil company.
Oil will continue to play a leading role in the energy mix, driven by demand in transportation and feedstock for the chemical industry, said the company.
When coming to natural gas, ExxonMobil believes that it will comprise 25 percent of all demand in 2040, surpassing coal.
The report said that 85 percent of global natural gas resources are untapped and that’s enough gas to supply current global demand for more than 200 years.
In general, it will take all energy types to meet demand in 2040, according to the company.
ExxonMobil is an American multinational oil and gas corporation headquartered in Texas, which is a part of the Dallas–Fort Worth metroplex.
The world's 8th largest company by revenue, ExxonMobil is also the fifth largest publicly traded company by market capitalization.
ExxonMobil is the largest of the world's Big Oil companies with daily production of 3.921 million barrels of oil equivalent.
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