ExxonMobil’s 2012 Outlook for Energy Sees Efficiency, Developing World Economic Growth and Natural Gas Reshaping Global Demand through 2040
- Demand to be about 30 percent higher in 2040 versus 2010 as population grows and global GDP doubles; demand in developing nations rises nearly 60 percent.
- Less-carbon-intensive fuels, particularly natural gas, gain market share, while coal peaks and begins a decline for the first time in modern history.
- Gas from shale and other unconventional rock formations will account for 30 percent of global gas production by 2040.
- Demand growth would be more than four times the projected 30 percent without expected gains in efficiency.
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