Azerbaijan, Baku, April 24 / Trend, E. Ismayilov /
World energy demand will grow by 36 percent by 2030, senior economist at the British company BP Lev Freinkman told journalists in Baku on Wednesday.
He said the increase in demand for energy resources is mainly due to increased consumption in the electricity sector.
This, in turn, is due to the development of industry and the increase in demand for electricity. Mainly, growth in the demand for energy resources will be because of developing countries.
Also, according to Freinkman, significant growth in oil and gas is not expected in a 20-year prospect, which is due to the development of fields of shale hydrocarbons.
With the development of this trend, countries producing conventional oil and gas, and in particular the OPEC countries, will have to lower production volumes in order to maintain balance in the market.
Despite the development of alternative and renewable energy sources, by 2030, the share of these types of energy in the total share of energy consumption will be only 6 percent.