BP forecasts world economy to double by 2035 and USA will increase oil and natural gas by 4 million bpd to 19 million barrels per day
by noreply@blogger.com (brian wang) from NextBigFuture.com on (#2AVJA)
BP says that while the world economy will almost double between 2015 and 2035, energy demand will increase by only around 30%. Energy consumption, it says, is expected to grow less quickly than in the past: 1.3% per year in the 2015-2035 period, compared with annual growth of 2.2% in 1995-2015.
The latest Energy Outlook expects oil, gas and coal to remain the dominant sources of energy, accounting for more than three-quarters of total global energy supplies in 2035, down from 85% in 2015.
Almost two-thirds of the increase in global energy consumption over the 2015-2035 period is used for power generation, BP says. As a result, the share of energy used for power generation rises from 42% in 2015 to 47% by 2035.
China's rapid nuclear expansion program is expected to account for nearly three-quarters of the global increase in nuclear generation by 2035, according to the latest Energy Outlook from oil and gas giant BP.
Global Energy consumption is projected to grow only at 1.3% per year from 2016-2035 instead of 2.2% per year from 1995 to 2015.
Read more
The latest Energy Outlook expects oil, gas and coal to remain the dominant sources of energy, accounting for more than three-quarters of total global energy supplies in 2035, down from 85% in 2015.
Almost two-thirds of the increase in global energy consumption over the 2015-2035 period is used for power generation, BP says. As a result, the share of energy used for power generation rises from 42% in 2015 to 47% by 2035.
China's rapid nuclear expansion program is expected to account for nearly three-quarters of the global increase in nuclear generation by 2035, according to the latest Energy Outlook from oil and gas giant BP.
Global Energy consumption is projected to grow only at 1.3% per year from 2016-2035 instead of 2.2% per year from 1995 to 2015.
Read more