Expanding prosperity for a growing world population will drive an increase in energy demand of approximately 35% by 2030 compared to 2005, even with significant efficiency gains, and natural gas will emerge as the second largest energy source behind oil, ExxonMobil said on 27th January as it released its new edition of Outlook for Energy: A View to 2030.
The growing use of natural gas and other less carbon intensive energy supplies, combined with greater energy efficiency in nations around the world, will help mitigate environmental impacts of increased energy demand. According to the Outlook, global energy related carbon dioxide emissions growth will be lower than the projected average rate of growth in energy demand.
‘Our energy outlook clearly points to a growing demand for energy globally which reflects improving living standards for millions of people around the world. ExxonMobil will continue to invest in technology and innovation to develop new economic energy supplies to help meet this demand while looking for ways to reduce environmental impacts,’ said Rex W. Tillerson, chairman and chief executive officer.
‘The forecasts also show a shift toward natural gas as businesses and governments look for reliable, affordable and cleaner ways to meet energy needs,’ Tillerson said. ‘Newly unlocked supplies of shale gas and other unconventional energy sources will be vital in meeting this demand.’