According to a report released by Exxon Mobil , global energy demand in 2040 will increase by 25% compared with 2014, when crude oil will maintain its dominant position; the demand for natural gas will increase substantially, faster than other energy categories; and out of With the need for low carbon and environmental protection, the demand for coal in the global economy will decline.
Exxon Mobil: Energy demand will increase by 25% by 2040
On Monday, the annual report of ExxonMobil, the largest listed oil company in the world, showed that the global demand for energy will increase by 25% over 2014 in the next 15 years, benefiting from a global population growth of about 2 million and global economic development. .
In terms of sub-energy categories, the demand for crude oil will increase to 112 million barrels per day, and maintain its dominant position, resulting from population growth and the improvement of living standards in many regions. The increased supply of crude oil will come from the exploitation of shale, oil sands, and deep-water oil fields. The output of oil sands will be more than doubled in 2040.
Natural gas will exceed coal as the second largest energy category. Of the increased energy demand in 2040, the demand for natural gas will account for 40%, and the global demand for natural gas will increase by 50% from 2014. The demand for coal will be reduced due to the impact of low-carbon demand. In 2040, the demand for coal accounted for only 20% of global energy demand, which was a decrease from 25% in 2014. Oil, natural gas, and coal will continue to meet most of the world's energy needs.
Although the demand for nuclear energy and renewable energy will increase substantially in the next 15 years, the proportion of global energy demand is still small; among them, wind and solar energy will account for 2% of global energy demand.
From the perspective of demand, India and China will become major energy demand countries in 2040, and their energy demand growth will account for 50% of global growth. India will exceed China as the world’s most populous country and its population will reach 1.6 billion. The remaining 30% increase comes from demand growth in these 10 countries: Brazil, Mexico, South Africa, Nigeria, Egypt, Turkey, Saudi Arabia, Iran, Thailand, and Indonesia.
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