Cepsa Analyzes World Trends and Socio-Economic Models in its 2030 Energy Map

Energy Press Releases Wednesday November 15, 2017 08:05
ABU DHABI, UAE--15 Nov--PRNewswire/InfoQuest

Cepsa Energy Outlook 2030 is a research piece that presents what the energy mix will look like in 2030. The document answers questions such as what countries and technologies will meet fuel demands, what the impact of energy efficiency measures will be, or how mobility will evolve compared with private car ownership.

To carry out this study from an energy perspective, Cepsa has grouped together regions in an original way into three categories that cover subjects such as regulation, production and energy consumption. The result is the groupings of Regulators, Energizers, and Consumers and the study shows how their development will be key in shaping the energy map of the future.

Regulators include all OECD countries (apart from Mexico) that are exposed to a regulated energy market and where energy demand is forecast to be below that of other regions. Energizers represent the leading countries in exports of energy, which consists of Latin America, Africa, the Middle East, and the former Soviet Republics. Lastly, Consumers are Asian countries, given the high energy consumption they will see in the future.

The energy map for 2030

According to the Cepsa Energy Outlook 2030, electric cars will continue to become more competitive and occupy a larger market share, even if the combustion engine will continue to dominate with an 85% market share.

Similarly, world demand for oil will increase by 10%, but will grow at a slower pace due to fuel efficiency improvements and the incorporation of other sources of energy into the mix. Demand is seen rising due to a forecast increase in the middle class in Asia primarily.

Meanwhile, renewable energy will account for over half of the increase in electric energy that will be generated over the next 15 years, an unprecedented growth driven by the increase of solar and wind energy. Natural gas will occupy second place in the mix, but will only see its market share increase by 1% in world electric generation as its growth will be curtailed by the growth in renewables.

The world's energy mix in 2030 will continue to be dominated by oil, gas and coal, even if renewables will make up considerable ground.
The report also shows that countries such as China and India, alongside other Asian countries, will lead energy demand, surpassing 1,770 tons of crude equivalent.
For further information:http://www.cepsaenergyoutlook.com
Media Contact: Cepsa - Communication, comunicacion@cepsa.com , +34-91-337-62-02/60-00
(Logo: http://mma.prnewswire.com/media/602087/Cepsa_Logo.jpg )
(Photo: http://mma.prnewswire.com/media/602577/Cepsa_Energy_Outlook_2030.jpg )
Source: Cepsa

Latest Press Release

Sinopec Capital Predicts an End to the Burning Era and a Greener Future Dominated by Electric Vehicles

China Petrochemical Corp. (Sinopec Group) today announced that Huang Wenshang, Chairman of Sinopec's Investment arm, delivered a keynote speech on January 13th at the China EV100 Forum 2019. Supporting emergent technologies to go 'beyond the era of...

LONGi Solar sets new bifacial mono-PERC solar cell world record at 24.06 percent

LONGi Solar has announced that it has achieved a new monocrystalline silicon PERC world record conversion efficiency using commercial wafer (M2) dimensions that exceeds 24 percent for the first time, according to tests carried out by the National Center...

Mainstream Renewable Power Secures EUR90 Million Trade Finance Facility

Mainstream Renewable Power, the leading global developer of wind and solar power plants, has today announced the closure of a new EUR90 million Trade Finance Facility with DNB and HSBC. The agreement represents one of the largest corporate debt raises in...

Risen Energy#s steadfast expansion to the global solar market

Brazilian market research firm Greener recently released the results of a report on the strategic markets for solar PV power generation during the second half of 2018. Over a one-month period, Greener conducted an extensive survey of PV solution...

YORK(R) YZ Magnetic Bearing Centrifugal Chiller expands capacity range

Johnson Controls has extended the capacity range of its award-winning YORK(R) YZ Magnetic Bearing Centrifugal Chiller to include chillers beyond 1,000 tons (3,516 kW), now up to 1,350 tons (4747 kW) of refrigeration. In early 2018, the YORK(R) YZ...

Related Topics