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World Energy Consumption to Increase 56% by 2040 Led by Asia

World energy consumption will rise 56 percent in the next three decades, driven by growth in developing countries such as China and India, the Energy Information Administration said.

Demand will increase to 820 quadrillion British thermal units in 2040 from 524 quadrillion in 2010, the EIA said in the International Energy Outlook 2013, with the two Asian countries accounting for half the gain. One quadrillion Btu is equal to 172 million barrels of crude oil. China, which used 3.4 percent more energy than the U.S. in 2010, is expected to double U.S. demand by 2040.