Oil and Gas Markets to 2025 - LUKoil

... the overall market. Reason 1: Motorization The largest spur in oil demand will come from the transportation sector, where oil is the main energy source at over 90% of overall consumption. The biggest growth in transportation is unsurprisingly occurring ... ... triple from the current level. China will lead the way with the number of cars per 1000 people rising from only 40 to 200 by 2025 – amazingly this equates to a 220 million rise in vehicle numbers. At this pace China will have more vehicles either than North America or Europe. Moreover, an interesting analysis can be drawn from the GDP/vehicle statistics. The Chinese car boom begun when its GDP ...