OPEC to expect significant growth in energy demand

November 5, 2010 9:12 am 

VIENNA, Nov. 5, — The world energy demand would increase by more than 40 percent by 2030, according to the estimation of the Organization of Petroleum Exporting Countries ( OPEC).

In its latest published "World Oil Outlook", OPEC forecasted that the world energy demand will significantly increase in the next 20 years, especially a rapid growth in energy demand in developing countries.

The report also said that the rapid growth in energy demand in developing countries is not only due to the population growth and economic growth, but also because of an increasing number of citizens of those countries assured with modern energy security.

However, the report, which was newly released in Vienna, also pointed out that despite a substantial increase in energy demand in developing countries, its per capita energy consumption would remain significantly lower than the OECD countries.

This situation would remain unchanged by 2030. By that time, the per capita energy consumption in OECD countries would be still 3.5 times as much as in developing countries.

OPEC's report also concluded that in the next 20 years, the proportion of fossil fuels in the global energy mix would gradually decrease slightly, but nevertheless, by 2030, fossil fuels, especially crude oil would remain the most important forms of energy. (PNA/Xinhua)

ALM/ebp

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