11 December 2012 20:10 [Source: ICIS news]
(adds "from 2010", paragraph 1)
HOUSTON (ICIS)--Global energy demand will increase by 35% in 2040 from 2010, with natural gas as the fastest growing major fuel, US-based ExxonMobil said on Tuesday in its annual energy outlook.
“Demand for natural gas will increase by about 65% through 2040, and 20% of global production will occur in North America, supported by growing supplies of gas from shale and other unconventional sources,” the company said.
The increased use of less-carbon-intensive fuels, like natural gas, nuclear and renewables, will play a key role in supporting future energy needs, along with more efficient energy-saving practices and technologies and the development of unconventional energy sources, ExxonMobil said.
“North America is likely to transition to a net energy exporter by 2025,” the company said. “Over the next two decades, more than half of the growth in unconventional natural gas supply will be in North America, providing a strong foundation for increased economic growth across the US, and most notably in industries such as energy, chemicals, steel and manufacturing.”
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