16 May 2012 04:01 [Source: ICIS news]
CHICAGO (ICIS)--Aviation transportation fuel demand is expected to grow in Europe and North America through 2030, while the demand for ground transportation fuels will weaken, Air BP’s CEO said on Tuesday.
“Air traffic has doubled every 15 years and will continue to do so into 2030,” Air BP CEO Andy Holmes said during a keynote presentation at the International Air Transport Association’s (IATA) Aviation Fuel Forum.
“In 2030, 70% of world air traffic will be from developing countries, compared with 57% today,” Holmes added.
Overall global energy growth will be slower for the next decade than it has been in the past 10 years, but energy growth will persist with India and China shaping the growth outlook, according to Holmes.
Aviation fuel accounts for approximately 11% of total transportation fuel demand, said Holmes, who added that he expects that number will grow in accordance with total energy demand.
Air BP has aviation fuel sales in 50 countries and 600 airports.
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