As reported in the Economist, total global demand for energy is expected to rise by a third by 2035. This is according to the World Energy Outlook, published by the International Energy Agency (IEA). The most significant jump in demand will be seen in countries such as India and China. Consequently, the Asian region which includes both these countries will account for 11.4% of the total energy demand as opposed to 7.4% in 2011. Demand in the developed economies will barely move. This is hardly surprising given that the Asian region has still been growing at a faster clip than the developed world despite theslowdown in India and China. Thus, the impact of this on prices will depend on how supply is able to ramp up by that time.
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