India's Energy Demand To Outpace China And Russia By 2035
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India's Energy Demand To Outpace China And Russia By 2035

Thursday, 16 January 2014, 13:32 Hrs   |    1 Comments
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New Delhi: India's energy consumption will rise by 132 percent by 2035, outpacing demand growth in Russia, China and Brazil, BP's Global Energy Outlook said.

"Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies - led by China and India," according to the BP Energy Outlook 2035.

India's energy production, it said, will rise by 112 per cent (from 344 million tonnes oil equivalent in 2012 to 729.4 million tonnes in 2035) while consumption grows by 132 per cent.

The nation, which will in seven years become the world's third largest energy consumer, will see energy demand rise from 563.5 million tonnes oil equivalent to 786.1 million tonnes by 2020. It will soar to 938.6 million tonnes by 2025 and to 1307.5 million tonnes by 2035, the report said.

"India's demand growth of 132 per cent outpaces each of the BRIC countries as Russia (20 per cent), China (71 per cent), and Brazil (71 per cent) all expand slower. India's growth is almost double the non-OECD aggregate of 69 per cent," it said.

Its share of global demand rises to 7 per cent in 2035, accounting for the second largest share of the BRIC countries after China's 27 per cent. Russia at 5 per cent and Brazil at 3 per cent follow in that order.

BP Energy Outlook said the country's oil imports will rise by 169 per cent and account for over 60 per cent of the net increase in imports, followed by increasing imports of gas (573 per cent) and coal (85 per cent).

"Demand for all fossil fuels expands led by gas (183 per cent), oil (121 per cent) and coal (108 per cent) while renewables in power expand by 539 per cent as does nuclear (366 per cent) and hydro (127 per cent)," it said.

India's energy mix evolves very slowly over the next 20 years with fossil fuels accounting for 87 per cent of demand in 2035, compared to a global average of 81 per cent. This is down from 92 per cent today.

Its energy production as a share of consumption drops from 61 per cent today to just 56 per cent by 2035 as imports rise by 163 per cent.

"Declines in oil production (by 25 per cent) is made up by increases in gas (44 per cent) and coal (116 per cent)," it said.

Coal remains the dominant fuel produced in India with a 66 per cent market share in 2035. Renewables in power overtakes oil as the second largest, increasing from 3 per cent to 10 per cent in 2035 as oil drops from 12 per cent to 4 per cent.

According to BP, India's energy intensity is 32 per cent lower than today's level compared to a BRIC average decline of 46 per cent. Despite slower intensity improvement, per capita demand is 60 per cent below the BRIC average.



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Reader's comments(1)
1: Very interesting article.
Here is Energy comparison India Vs China:
India vs. China

Energy
India China
Electricity - production 880 billion kWh (2010 est.) 4.94 trillion kWh (2012)
Electricity - consumption 637.6 billion kWh (2009 est.) 4.693 trillion kWh (2011)
Electricity - exports 519 million kWh (2009 est.) 17.65 billion kWh (2012)
Electricity - imports 10.53 billion kWh (2009 est.) 6.874 billion kWh (2012)
Oil - production 897,300 bbl/day (2011 est.) 4.15 million bbl/day (2012 est.)
Oil - imports 2.768 million bbl/day (2009 est.) 5.422 million bbl/day (2012 est.)
Oil - exports 0 bbl/day (2009 est.) 48,700 bbl/day (2012 est.)
Oil - proved reserves 8.935 billion bbl (1 January 2012 est.) 14.8 billion bbl (1 January 2012 est.)
Natural gas - proved reserves 1.154 trillion cu m (1 January 2012 est.) 3.2 trillion cu m (1 January 2012 est.)
Natural gas - production 46.1 billion cu m (2011 est.) 107.7 billion cu m (2011 est.)
Natural gas - consumption 61.1 billion cu m (2011 est.) 147.1 billion cu m (2011 est.)
Natural gas - exports 0 cu m (2011 est.) 3.21 billion cu m (2011 est.)
Natural gas - imports 12.15 billion cu m (2011 est.) 42.5 billion cu m (2012 est.)
Electricity - installed generating capacity 189.3 million kW (2009 est.) 1.146 billion kW (2012 est.)
Refined petroleum products - production 3.226 million bbl/day (2008 est.) 8.992 million bbl/day (2011 est.)
Refined petroleum products - consumption 3.292 million bbl/day (2011 est.) 9.79 million bbl/day (2011 est.)
Refined petroleum products - exports 812,100 bbl/day (2008 est.) 623,000 bbl/day (2011 est.)
Refined petroleum products - imports 380,900 bbl/day (2008 est.) 1.571 million bbl/day (2011 est.)
Carbon dioxide emissions from consumption of energy 1.696 billion Mt (2010 est.) 8.321 billion Mt (2010 est.)
Source: CIA Factbook
Dr.A.Jagadeesh Nellore(AP),India
Posted by:Anumakonda - 18 Jan, 2014
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