How will the Shifting Energy Landscape in Asia Impact Geopolitics?
Part of the Global Forecast 2014
Over the past decade the world has watched as energy demand growth has shifted away from traditional energy consumers in the developed world to the growing economies in developing regions. No growth has been as dramatic as the demand surge experienced in Asia, where energy demand has grown by 75 percent. China alone is now the world’s largest energy consumer, the second largest consumer of oil, the world’s largest consumer and producer of coal— accounting for fully half of total global coal consumption, and soon to become the world’s largest oil importer.