Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 27 : 13-Jun-18
FACTS Global Energy chairman Fereidun Fesharaki expects growth in global consumption of crude oil to average 0.7 per cent a year until 2040. However, Fesharaki expects global demand for petrol to peak in 2030, while demand in Asia will peak in 2040. Fesharaki also says Woodside Petroleum’s Scarborough LNG project is certain to proceed, although he warns that other projects are doubtful due to LNG buyers’ aversion to long-term supply deals.
FACTS GLOBAL ENERGY GROUP OF COMPANIES, WOODSIDE PETROLEUM LIMITED – ASX WPL, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, CREDIT SUISSE AG