world energy demand to 2030

While population and economic growth are fundamental drivers of overall energy demand, the types of energy used to meet specific needs are influenced by a variety of additional factors. These include economics, supply availability, income levels and public policies.

In 2005, global primary energy consumption was approximately 230 MBDOE, comprised of fossil fuels — oil, natural gas and coal — plus other non-fossil energy, namely nuclear power and renewable sources. By 2030, energy demand is expected to reach almost 325 MBDOE, or approximately 40 percent more than in 2005.

Overall global demand and the need for particular energy types are also influenced considerably by the growing and diverse requirements of the major demand sectors — power generation, transportation, industrial and residential/commercial.

Each of the major demand sectors will experience considerable growth through 2030. The largest sector today — and the one with greatest anticipated volume growth going forward — is power generation. The fastest-growing sector — and the one most important to oil demand — is transportation. These two sectors will have a dramatic impact on energy trends through 2030.