(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 2. No single form
of energy can currently meet expected future energy demand;
instead, an“all-peoples, all-fuels and all-technologies” approach
is required, said OPEC Secretary General Haitham Al Ghais, Trend reports.
“As such, OPEC member countries are ready, willing and able to
provide the affordable energy needed to cater towards these future
energy needs, all the while reducing their emissions and helping
eradicate energy poverty in doing so. The UN notes that more than
700 million people still lack access to electricity and almost
one-third of the global population uses polluting cooking systems.
Daily life is not about cars, laptops or air conditioning for these
people; it is about basic access to heat and electricity. To
provide adequate and affordable universal energy access, and
eradicate energy poverty, oil can and will play a key role in
developing countries,” reads the article by OPEC Secretary
General.
He went on to add that the world's population is growing. OPEC's
World Oil Outlook (WOO) for 2022 sees it increasing by 1.6 billion
people through 2045, while United Nations statistics note growth to
around 10.4 billion by 2100.
“In parallel, OPEC's estimates that global energy demand will
increase by 23 percent to 2045. Within this, oil demand is
projected to increase to around 110 million barrels a day (mb/d).
Thus, it is clear that oil will continue to be an essential part of
the global energy infrastructure for decades to come. This is in
stark contrast to the many proclamations of past decades that the
age of oil was over. Indeed, contemporary demand is close to an
all-time high and will rise by close to 5 mb/d in 2023 and 2024,”
added Haitham Al Ghais.
MENAFN02092023000187011040ID1106998180
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.