Global energy demand expected to rise 28% by 2045: OPEC director

PHOTO

All forms of energy will be needed to cope with the rising demand for power, a leading official with the Organization of the Petroleum Exporting Countries has warned.

Speaking during the International Energy Forum in Riyadh, OPEC’s Director of the Research Division, Ayed Qahtani, predicted a global energy demand rise of at least 28 percent by 2045.

"Indeed this will require the use of all forms of energy to support the post-pandemic recovery, energy transition, and address the long-term energy needs," said Qahtani.

Qahtani also forecast the global economy to grow by 4.2 percent in 2022.

He admitted the uncertainty of this figure is due to the Covid pandemic, which he said has badly affected the petroleum industry.

Qahtani claimed the pandemic has disrupted supply chains, and now there is a lack of investment, particularly in the oil sector.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.