World Energy Demand to Increase by 50% by 2030
Azerbaijan, Baku, 28 June / corr. Trend A. Badalova/ According to the Energy Information Administration forecast, the world energy consumption will increase by 50% from 2005 to 2030 because of the fast economic growth rates and rise in the population of the developing countries, the report International Energy Outlook 2008 of EIA said.
The total volume of the world consumption will go up from 462 quadrillion btu (British Thermal Unit) in 2005 to 563 quadrillion btu in 2015. The world energy consumption will total to 694.7 quadrillion btu by 2030.
The overall energy demand in the countries not included in the Organization for Economic Cooperation and Development (OECD) will increase by 85% and OECD countries - 19% during this period.
According to forecast, the energy consumption in OECD will total to 249.7 quadrillion btu by 2010, 260.5 quadrillion btu - by 2015, 269 quadrillion btu -by 2020, 277.6 quadrillion btu - by 2025, and 285.9 quadrillion btu by 2030.
The countries not included in OECD will consume 262.8 quadrillion btu by 2010, 302.5 quadrillion btu - by 2015, 339.4 quadrillion btu - by 2020, 374.2 quadrillion btu - by 2025 and 408.8 quadrillion btu - by 2030.
The world gas demand will go up from 104trln cu foots in 2005 to 158trln cu foots in 2030. More than 90% of the overall world rise in the gas output accounts for OECD countries during this period who will consume 65.9trln cu foots of gas by 2030. The gas consumption in the countries not included in OECD will make up 92.1trln cu foots by 2030.
The world output of the untraditional resources will increase from 2.5mln barrels a day in 2005 to 9.7mln barrels a day in 2030. The bio fuel output in US will reach 1.2mln barrels a day in by 2030 which will account for the half of the rise of the world bio fuel output.
According to forecast, the world oil prices will drop up to $70 a barrel by 2015 and will go up to $113 a barrel by 2030.
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