POO, page-2

ExxonMobil’s Outlook for Energy: A View to 2040 describes a rapidly growing global population and rise in living standards in developing countries that will drive a growth in worldwide energy demand of about 25% from 2016 to 2040. At the same time, energy efficiency gains and gradual reductions in the GHG intensity of the energy system, will help to moderate energy use and reduce by nearly 45% the carbon intensity of the global economy, according to the report.
Emerging economies in countries that are not part of the Organisation for Economic Co-operation and Development (OECD) will account for essentially all energy demand growth, led by an expanding Asia-Pacific region.
As prosperity rises, electrification continues as a significant global trend. Energy demand for power generation accounts for about 50% of global demand growth, with much of that coming from non-OECD countries.
“Natural gas use is likely to increase more than any other energy source, around 40%, with about half its growth for electricity generation,” said T.J. Wojnar, Vice President for Corporate Strategic Planning. “The abundance and versatility of natural gas, in addition to its significant air quality benefits, make it a valuable energy source to meet a wide variety of needs, while also helping the world to shift to a less carbon-intensive source of energy.”

https://www.hydrocarbonengineering....supply-55-of-the-worlds-energy-needs-in-2040/