Ohlédnutí: “The Outlook for Energy: A View to 2040”


On Tuesday, March 15, The Institute of Energy Economics (IEE FFÚ) organized first lecture of the semester aimed at presenting the Outlook for Energy to 2040. Presentation was delivered by ExxonMobil, the world`s largest publicly traded oil and gas company.

ExxonMobil Business Support Center Czechia Credit Manager, Petr Talavasek provided students with detailed information of  ExxonMobil long-term global view of energy demand and supply as well as portrayed general insight into future, trends and challenges of energy sector, as such.

In his presentation Petr Talavasek gave an overview on the future energy mix and the role of oil and natural gas. The presentation also focused on how the world‘s energy needs will look like in 2040 and what sources of energy will help meet this demand. ExxonMobil estimates that the global demand for energy will have grown by 25 percent from 2014 to 2040. The growth will come from Transportation, Residential and Commercial and Industry sectors. The need for electricity is rising in all parts of the world. Global demand for electricity is expected to rise by 65 percent from 2014 to 2040, with growth being led by non-OECD countries.

Global energy demand for transportation is projected to increase by about 30 percent from 2014 to 2040. This growth is projected to come predominantly from non-OECD countries.

A growth in residential and commercial energy demand will be driven by population growth and rising prosperity around the world, including shift from rural to urban areas. Combined residential and commercial energy demand is projected to rise by 25 percent from 2014 to 2040.

Urbanization trends and a growth in the global middle class will also lead to a growing energy demand in the industrial energy sector. Most of the growth will supposedly come from heavy industry and chemical sub segments.

The dynamics in demand for energy vary between regions and countries.

The last part of the presentation was dedicated to future supply. To conclude, oil and gas would be still the most important sources of energy by 2040 (oil will remain the world´s top energy source while the importance of natural gas should rise in the context of shift toward cleaner sources of energy).  

For official presentation see this link.

Author: Bohumila Klajblová


In case you missed the lecture, you can find more information about the Outlook for Energy here: http://corporate.exxonmobil.com/en/energy/energy-outlook.

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