BP: Fossil fuels to remain 'dominant form of energy' through 2035

February 10, 2016

Oil and Gas Journal

Global energy demand between 2014 and 2035 is expected to rise 34%, an average of 1.4%/year, with fossil fuels remaining “the dominant form of energy over the period,” according to the 2016 edition of the BP Energy Outlook.

Despite the rapid growth of other energy sources, the firm projects that fossil fuels will fulfill 60% of the expected demand increase and account for almost 80% of the world’s total energy supplies in 2035.

Demand for natural gas will increase the fastest among the fossil fuels, rising 1.8%/year while oil demand will rise steadily at 0.9%/year, although its share of the energy mix continues to decline, the outlook indicates.

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