Energy demand to soar in 25 years
Friday, 12 November 2010
PARIS, Nov 11 (Commodity Online): A widely respected energy research agency said Tuesday that global energy demand would grow by a third by 2035.
The International Energy Agency said energy demand would surge 36 per cent in the next 25 years, pushed largely by growing demand in China, an importer of fossil fuels, The New York Times reported.
"It is hard to overstate the growing importance of China in global energy markets. The country's growing need to import fossil fuels to meet its rising domestic demand will have an increasingly large impact on international markets," the agency said in its annual World Energy Outlook report.
China's own demand for energy is expected to increase 75 per cent by 2035.
China now represents 17 per cent of the world's energy demand. By 2035, that will increase to 22 per cent, the report said.
The International Energy Agency said energy demand would surge 36 per cent in the next 25 years, pushed largely by growing demand in China, an importer of fossil fuels, The New York Times reported.
"It is hard to overstate the growing importance of China in global energy markets. The country's growing need to import fossil fuels to meet its rising domestic demand will have an increasingly large impact on international markets," the agency said in its annual World Energy Outlook report.
China's own demand for energy is expected to increase 75 per cent by 2035.
China now represents 17 per cent of the world's energy demand. By 2035, that will increase to 22 per cent, the report said.