Date: 7 months ago   Category: Energy

The OPEC has lowered the forecast for increase in demand for energy in China — Rambler News Service


The OPEC predicts increase in demand for energy in China since 2015 by 2040 by 1,35 times — to 82,2 million barrels of an oil equivalent a day. It is said in the annual review of the World Oil Outlook 2018 organization. In the last year's report of OPEC I predicted that demand for energy in China by 2040 will grow by 1,4 times and will make 84,9 million barrels of an oil equivalent a day. At the same time, the OPEC has lowered the forecast for increase in demand in China for oil and has raised the forecast for demand for gas. According to calculations of experts of OPEC, demand for gas in the country will grow from 3,2 million barrels of an oil equivalent a day in 2015 to 9,3 million barrels of an oil equivalent a day in 2040. That is average annual growth rates will be about 4,4%, experts specify. At the same time China, as expected, will remain the largest consumer of oil. According to forecasts of OPEC, increase in demand for oil in China will make about 1,5% a year. By 2040 demand for oil will reach 16,1 million barrels a day, having increased from 11 million barrels a day in 2015. In the last year's report of the organization it was said that demand for oil in China will grow by 1,6 times — from 11,8 million barrels a day in 2015 to 17,8 million barrels a day in 2040, and demand for gas — by 2,7 times, from 3,3 to 9 million barrels of an oil equivalent a day.

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