Gas, Nuclear Demand to Rise as Coal Is Dethroned, Exxon Says
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Global natural gas, oil and nuclear consumption will rise 32 percent during the next three decades as population growth drives fuel demand and environmental restrictions reduce coal use for the first time since the 18th century, Exxon Mobil Corp. said.
India will lead the growth as energy use there more than doubles by 2040, Exxon said today in the long-term outlook it publishes annually. Africa, Latin America and the Middle East also will see increases in energy demand, while fuel consumption will decline in the U.S. and Europe, according to the forecast.