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International Demand for Energy to Increase by 40% by 2030: ExxonMobil

Oil&Gas Materials 11 April 2008 14:25 (UTC +04:00)
International Demand for Energy to Increase by 40% by 2030: ExxonMobil

Azerbaijan, Baku, 11 April / corr. Trend A. Badalova/ ExxonMobil, the large U.S. oil company estimates that the international demand for energy will rise by 40% in 2030 and will total 325mln barrels of oil equivalent a day.

According to a report posted on the official website of the Company, there will be a high demand especially in the developing countries. The rise in the international demand for energy will total to 1.3% by 2030.

According to the forecast of the Company, the fossil fuel will make up 80% of energy supplies, 60% of which will account for oil and gas. The rise in oil demand will total 1.2% per year and 1.7% for gas accordingly.

The renewable resources of energy will rise by 1.5% per year by 2030.

The world demand for oil will go up from 86mln barrels oil equivalent per day up to 116mln barrels by 2030.

According to estimations from experts, in 2005-2030, the growth rates in Economic Cooperation and Development Organization (ECDO) will total 0.6% on average. The rise in the demand for fuel in ECDO will make up 1%-2% on average during this period.

The growth rate for the demand for fuel in countries not included in ECDO will increase by 5 times and will total 3% per year.

The correspondent can be contacted at: [email protected]

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