... (million tons of oil equivalent) by 2035. As even though others will produce a lot of oil and gas, they will not be able to export as much due to domestic needs, etc. As a result, Russia’s net exports will meet 4.2% of world’s energy demand in 2035, which will be sent to Europe (still world’s largest importer of natural gas) and China (world’s largest oil importer).
Oil production will be dominated by USA, Saudi Arabia and Russia, with well over a third of global liquids coming from these three powers. At a rate of 11 Mb/d by 2035 Russia will only trail Saudi Arabia and the US. BP anticipates that ...
Alongside my typical journalistic duties at ‘Oil & Gas Eurasia Magazine’, I tend to daily scan both Russian and Western media ... ... inception. Impressively, by 2015 the overall energy figure should increase to 43% and by 2035 to 60% – if correct, making US the leading gas producers in the whole world... ... aimed predominantly at the home market.
Non-US Shale Progress (Europe and Asia):
China is eager to jump on the Shale Revolution and aims to produce 100 billion cubic...
... innovation within efficiency, nonetheless it is unlikely to fall further as the opportunity cost for the next stage of efficiency is too high. Lastly, in regards to developing economies the demand is expected to boom, with 85% of the global growth in oil and gas expected from them. Numerically, with Asia adding most of the growth (i.e. China), demand is expected to grow from 400bcm to around 1200bcm by 2035, in contrast to the almost non-existent growth in Europe or the developed world.
- Developing Countries are Under Pressure:
A harmony must exist between infrastructural, legal and political foundations, before a state can capitalise on its energy ...
