With the world’s population projected to rise to 10 billion people by 2050, from about 7.6 billion today, and with large parts of the world still to gain access to sustainable sources of energy, there will be no let up in demand for hydrocarbons any time soon. In 2017, global demand for oil rose about 1.6 per cent, according to the International Energy Agency (IEA) – double the average rate of increase over the past decade. Despite this, global energy remains at a critical turning point. The challenge facing the region’s oil and gas producers is no longer simply the balance between supply and demand. Instead, the questions facing the world’s energy providers are about how, where and when energy supply is produced, and how, where and when it is used. Demographic expansion and socio-economic development, particularly in the fast-growing economies of Asia — from the giant Chinese and […]