Lukoil recently offered an outlook on the long-term prospects for the global hydrocarbon processing industry. The outlook’s objective is to analyze trends that will (in Lukoil’s view) determ..
Lukoil recently offered an outlook on the long-term prospects for the global hydrocarbon processing industry. The outlook’s objective is to analyze trends that will (in Lukoil’s view) determine the future of global oil and gas markets. A key component is an analysis of the current problems of Russia’s oil and gas industry in the context of the main trends of global oil and gas market development. Key conclusions include:
Global demand for liquid hydrocarbons will continue to grow. The growth of population and the consumer class in Asia will support new oil demand. The main increase in consumption will come from the transportation sectors in developing countries.
Increase o
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