ASIA

Oil to rule, gas to surpass coal demand by 2040

EXXONMOBIL today forecast gas to surpass coal in a radical shift of the global energy mix by 2040, while also giving a glimmer of hope amid the current oil price slide by projecting crude to still be the top dog in the demand scene over that period.

Anthony Barich

Oil to rule, gas to surpass coal demand by 2040

In its 2015 Outlook for Energy: a view to 2040, released this morning, the US oil major forecast natural gas to be the fastest-growing fuel until at least 2040 with a 65% demand increase, half of which...

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