Petrol demand still on rise, but peak prediction is 2030

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.

CORPORATES
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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s