Dow Jones Newswires: Global Gas Demand To Grow By 3% Next Decade - Shell Exec: $16 Trillion Energy Invest Needed From 2001-30 - Shell Exec: Wednesday November 30, 2005
November 30, 2005
MANILA (Dow Jones)--Global natural gas demand will grow by 3% in the next decade, and liquefied natural gas demand will grow by 10%, a senior official with Royal Dutch Shell PLC (RDSB.LN) said Wednesday.
About $16 trillion worth of energy investment is needed from 2001 to 2030 in order to meet growing world energy demand, said Peter De Wit, executive vice president of Shell Gas & Power.
Asian countries' energy investments will account for one-third of this amount, he said.
Global demand for oil will reach 80 million barrels a day by 2030, he said.
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