Statoil's 2013 Energy Perspectives

The CSIS Energy and National Security Program hosted Eirik Wærness, Chief Economist at Statoil, to present Statoil’s recently released 2013 Energy Perspectives Report. The report, produced annually, charts the long-term macroeconomic and market outlook based on studies conducted by Statoil’s in-house analysis team. Findings from the report include:

• Global primary energy demand growth by 40% by 2040
• Increase in demand expected for all energy sources – but considerable improvement in global energy efficiency
• Demand for oil expected to rise by ~15 million barrels per day by 2040 to ~100 million barrels per day
• Increasing role for natural gas, contributing to reduced carbon emissions
• Strong growth seen for new renewables – from 1% market share to 8% in 2040
• CO2 emissions projected to increase until ~2030 – then decrease towards 2040