Saturday, April 13, 2013

B&E Indicators

Matching increasing demand

By 2035, global demand for energy is expected to be about 33% higher than it is today. In fact, the International Energy Agency projects that satisfying the world’s energy needs for the next 20 years will require $1 trillion in annual investments. However, even given strong growth in renewables, about 75% of the increased demand is likely to be filled by fossil-fuels, thus making it clear that oil & gas demand will continue to grow in the future.

Demand will vary by sector and region

Further, the issue will not be simply about matching increasing demand, but also about matching that demand where and when it happens, which is certainly no easy task from the current starting point. For instance, downstream markets are experiencing stronger demand as the recession recedes, but meeting that demand is challenging. Reason: The industry has seen little addition to greenfield refining capacity.

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Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
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