Page 6 - Money in Energy
P. 6
Money in energy -Investment Opportunities and risks 2010
year over the same period in IEO2009. Natural gas remains an important fuel
for electricity generation worldwide, because it is more efficient and less
carbon-intensive than other fossil fuels. In the IEO2009 reference case, total
natural gas consumption increases by 1.6 percent per year on average, from
104 trillion cubic feet
in 2006 to 153 trillion
cubic feet in 2030,
and its use in the
electric power sector
increases by 2.1
percent per year.
With world oil prices
assumed to rebound
following the current
economic downturn
and then rise through
2030, consumers are
expected to choose less
expensive natural gas to meet their energy needs whenever possible, particularly
in the industrial sector, where, for example, newly constructed petrochemical
plants are expected to rely increasingly on natural gas as a feedstock. World coal
consumption increases by 1.7 percent per year on average from 2006 to 2030
(growing by 23 quadrillion Btu from 2006 to 2015 and another 40 quadrillion
Btu from 2015 to 2030) and accounts for 28 percent of total world energy
consumption in 2030. In the absence of policies or legislation that would limit
the growth of coal use, the United States, China, and India are expected to
turn to coal in place of more expensive fuels. Together, the three nations
account for 88 percent of the projected net increase in coal consumption from
2006 to 2030. The only decreases in coal consumption are projected for OECD
Europe and for Japan, where populations are either growing slowly or declining,
electricity demand growth is slow, and renewable energy sources, natural gas, and
nuclear power are likely to be chosen over coal for electricity generation.
6 Etree Projects Consultants Pvt Ltd.
year over the same period in IEO2009. Natural gas remains an important fuel
for electricity generation worldwide, because it is more efficient and less
carbon-intensive than other fossil fuels. In the IEO2009 reference case, total
natural gas consumption increases by 1.6 percent per year on average, from
104 trillion cubic feet
in 2006 to 153 trillion
cubic feet in 2030,
and its use in the
electric power sector
increases by 2.1
percent per year.
With world oil prices
assumed to rebound
following the current
economic downturn
and then rise through
2030, consumers are
expected to choose less
expensive natural gas to meet their energy needs whenever possible, particularly
in the industrial sector, where, for example, newly constructed petrochemical
plants are expected to rely increasingly on natural gas as a feedstock. World coal
consumption increases by 1.7 percent per year on average from 2006 to 2030
(growing by 23 quadrillion Btu from 2006 to 2015 and another 40 quadrillion
Btu from 2015 to 2030) and accounts for 28 percent of total world energy
consumption in 2030. In the absence of policies or legislation that would limit
the growth of coal use, the United States, China, and India are expected to
turn to coal in place of more expensive fuels. Together, the three nations
account for 88 percent of the projected net increase in coal consumption from
2006 to 2030. The only decreases in coal consumption are projected for OECD
Europe and for Japan, where populations are either growing slowly or declining,
electricity demand growth is slow, and renewable energy sources, natural gas, and
nuclear power are likely to be chosen over coal for electricity generation.
6 Etree Projects Consultants Pvt Ltd.
