Azerbaijan, Baku, Sept. 20 / Trend A.Badalova /
Global energy demand will amount to about 360 million barrels of oil equivalent a day by 2035, OPEC Secretary General, Abdalla Salem El-Badri said at the European Mineral Resources Conference 2012 in Leoben (Austria). The speech of the Secretary General is published on OPEC official website.
"It means that energy demand increases by around 50 percent by 2035," El-Badri said with the reference to OPEC's recent World Oil Outlook.
El-Badri mentioned that over the past 50 years the world's demand for energy has expanded dramatically; from just over 55 million barrels of oil equivalent a day in 1960 to around 233 million barrels of oil equivalent a day in 2010.
"This demand growth was met by a variety of energy sources, but the majority has come from fossil fuels," he said.
Currently, according to El-Badri, fossil fuels account for 87 percent of the world's energy supply. In 2035 this figure will amount to 82 percent.
"Oil will retain the largest share for most of the period to 2035, although its overall share falls from 34 percent to 28 percent," El-Badri said.
Oil demand, according to El-Badri, will increase by almost 23 million barrels per day over the period 2010-2035 and will reach 110 million barrels a day by 2035.
For 2012 and 2013 OPEC predicts global oil demand to grow by 900,000 and 800,000 barrels per day respectively. Non-OPEC supply is expected to increase by 700,000 barrels per day this year, and 900,000 barrels per day next year.