- Nigeria, Brazil, Mexico, South Africa, Egypt, Turkey, Saudi Arabia, Iran, Thailand, and Indonesia are expected to be major drivers of energy growth by 2040, due to their rising populations and living standards.
- Nigeria and the other nine countries, which have been classified as a group of 10 key growth countries, are expected to represent an increasingly significant share of the global energy market due to their rising populations and living standards.
- The Upstream Treasurer, ExxonMobil Africa, Anibor Kragha, who made this disclosure in its presentation of the 2015 Outlook for Energy: A view to 2040 in Lagos, on Wednesday, said that Nigeria will experience significant rise in gas production by 2040.
- He disclosed that both China and India will account for about half energy growth because their developing economies are expected to lead the world in terms of population size and the pace of growth in living standards.
- “Mexico and Turkey are members of the Organization for Economic Cooperation and Development, which represents developed countries, were included among the key growth countries because their energy and economic growth are closer to developing economies.
- The 32 other OECD members will likely continue to show income growth but have relatively modest energy demand changes”, he said.
Source: The Guardian
