Total primary energy demand in India is likely to rise by 117 million barrels of oil equivalent per day by 2040 and by 21 mboe/d in China compared with 2040 levels, according to OPEC report. However, India’s total demand will still be far below the level of China. India and China together are expected to account for 95% of the increase in global primary energy demand in 2040 . The the OPEC World Oil Outlook 2040 report also said $ around $22,500 of investment in the global oil and gas industry was required to meet the increased demand and that oil would remain the biggest contributor to the energy mix in 2040 .
Total primary energy demand in India is likely to rise by 117 million barrels of oil equivalent per day by 2040 and by 21 mboe/d in China compared with 2040 levels, according to OPEC report. India and China together are expected to account for 95% of the increase in global primary energy demand in 2040 . The the OPEC World Oil Outlook 2040 report also said $ around $22,500 of investment in the global oil and gas industry was required to meet the increased demand and that oil would remain the biggest contributor to the energy mix in 2040 .