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World Energy Consumption to Rise

New projections by the US Energy Information Administration (EIA) states that energy consumption across the world will rise by 28% between 2015 and 2040.

The majority of the energy increase is likely to stem from non-Organisation for Economic Co-Operation and Development (OECD) countries.

The majority of which are based in Asia and whose growing economies drive their increased demand.

More than 60% of energy use globally is set to come from Asian countries such as China and India.

Usage of renewable energy is predicted to rise by up to 2.3% per year to 2050, with the report suggesting that overall energy demand from all fuel sources will rise, except for coal which is predicted to remain stagnant.

While fossil fuels are said to account for over 75% of energy usage globally with natural gas the leader by 2050, nuclear power consumption will rise by around 1.5% per year.

“The relatively high rate of natural gas consumption growth is attributed to abundant natural gas resources and rising production – including supplies of tight gas, shale gas and coal bed methane.” An EIA spokesman says.

Crown Gas & Power are a gas supplier to the commercial world. If you would like more information about our business supply and connection services, request a quote here or get in touch with our team on 0161 762 7744.

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