Oil and gas industries will play a pivotal role in carbon-emission reduction programs
Access to plentiful supplies of affordable energy is a key requirement for sustainable economic and social development in all emerging nations. Global primary energy demand is expected to increase by 1.6%/yr from 2004 to 2030, growing from 11.2 billion tons of oil equivalent (Btoe) to 17.1 Btoe in 2030—more than a 50% increase.1 Over 70% of this new energy demand is sourced from developing countries—48.9% from developing nations in Asia (including China 30% and India 9.0%) with populations and economies growing much faster than Organization for Economic Cooperation and Development (OECD) nations.
New energy demand is shifting the focus of global energy to Asia (Fig. 1). About hal
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