Energy demand in Asia Pacific could grow 15% from 2019 to 6,800 mn tons of oil equivalent in 2040

As per the research by Wood Mackenzie, energy demand in the region is expected to grow 15% from 2019 to 6,800 million tons of oil equivalent in 2040. Currently, net fossil fuel imports account for 25% of the region’s demand. Despite ambitious government targets, national oil and gas companies have been struggling to ramp up oil and gas production.

from Energy-Industry-Economic Times https://ift.tt/2QtjcIt