Washington (Platts)--21May2007

World energy consumption is projected to increase sharply from 2004
through 2030, with most of that growth taking place outside of the
industrialized nations, the US Energy Information Administration's said Monday
in its International Energy Outlook.

     Total energy demand outside of the Organization for the Economic
Cooperation and Development (OECD) is expected to increase by 95%, as compared
to an increase of 24% in OECD energy use, largely as a result of strong
projected economic growth, EIA said.

     For the industrial sector, energy-intensive industries will continue to
expand more rapidly in non-OECD countries where investors are attracted by
lower costs and few environmental constraints than in OECD countries, the
report said. In 2004, the OECD accounted for 52% of the world's industrial
sector energy use and it was projected to decline to 33% in 2030.

     Global energy demand will grow despite relatively high world oil and
natural gas prices, EIA said. However, rising oil prices will dampen demand
for petroleum and other liquid fuels after 2015. As a result, oil's share of
overall energy use will decline from 38% to a projected 34% in 2030. 

     World use of petroleum and other liquids will grow from 83 million
barrels oil equivalent/day in 2004 to 97 million boe/d in 2015 and 118 million
boe/d in 2030. On a global basis, the transportation sector accounts for 68%
of the total projected increase in liquid use from 2004 to 2030, followed by
the industrial sector which accounts for 27% of the increase.

     The reference case used by EIA assumes that oil prices will decline to
$49/barrel by 2014 and rise to $59/b in 2030, or $95/b on a nominal basis.

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