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Global energy demand growth set to fall

Oil&Gas Materials 10 October 2016 12:26 (UTC +04:00)
Per capita energy demand will peak before 2030, finds a new World Energy Council report presented at the 23rd World Energy Congress in Istanbul.
Global energy demand growth set to fall

Baku, Azerbaijan Oct.10

By Leman Zeynalova – Trend:

Per capita energy demand will peak before 2030, finds a new World Energy Council report presented at the 23rd World Energy Congress in Istanbul.

Technological innovation, government policies and lower growth expectations will have a significant impact on the sector in the coming decades.

The report goes on to highlight that oil will continue to play a significant role in the transportation sector representing over 60 percent of the mix in all three scenarios to 2060 and natural gas will continue to increase at a steady rate.

“It is clear that we are undergoing a grand transition, which will create a fundamentally new world for the energy industry. Historically people have talked about peak oil but now disruptive trends are leading energy experts to consider the implications of peak demand,” Ged Davis, Executive Chair of Scenarios, World Energy Council, said.

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