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Exxon Mobil Forecasts 35% Global Energy Demand Growth by 2030

Global energy demand will climb 35 percent by 2030 from 2005 levels amid rapid economic growth and an improvement in living standards in developing nations, an Exxon Mobil Corp. forecast shows.

Consumption of natural gas will surpass use of coal as the second-largest global energy source after oil, according to the company’s Outlook for Energy: A View to 2030, used to guide its investment decisions. Worldwide electricity consumption will rise more than 80 percent during the period, it said.