TotalEnergies Expects Global Oil Demand to Plateau Before 2030
27 Septiembre 2021 - 11:13AM
Noticias Dow Jones
By Giulia Petroni
TotalEnergies SE said Monday that it expects global oil demand
to peak before 2030, earlier than previously expected, as more
economies make commitments to transition away from fossil
fuels.
The French oil-and-gas major said at its investor day that
according to its forecasts, "oil demand plateaus before 2030, with
a strong decline thereafter."
The company said demand could fall to 40 million barrels a day
or 64 mb/d in 2050 depending on the energy scenario. It had
previously forecast oil demand plateauing around 2030.
Natural gas is expected to continue playing a role in the energy
transition to ensure firm power, along with nuclear and hydro due
to the intermittent nature of renewables, and will be accompanied
by carbon capture and storage technology.
TotalEnergies said it expects renewable energy to constitute a
significantly greater share of the world-wide energy mix, with
power generation more than doubling by 2050, driven by wind and
solar.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 27, 2021 11:58 ET (15:58 GMT)
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