To borrow the words of Christof Ruehl, Group Chief Economist and Vice President of BP, this time around the multinational oil supermajor aimed to “shake-up the crystal ball” by recalibrating some of its old formulas in the bid to provide ... ..., or browse through IMEMO RAN’s other events and online resources, please follow the links below:
- BP Energy Outlook 2035 Material
- BP Energy Outlook 2035 Factsheet
- BP Energy Outlook 2035 Russia
- Oil and Gas Dialogue (RUS)
BP’s ...
... intensity has fallen globally (even China and Russia has improved) due to technological 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 ...