The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, reiterated, in an interview broadcast this Saturday by the state channel Venezuela (VTV), the need to promote investment in the industry, in the face of a foreseeable increase in energy demand.
“The world industry requires 12.1 trillion dollars from now until 2045, this means 500,000 million dollars annually, which is a considerable amount,” The Kuwaiti official said that he estimates an increase of 23% in energy demand within 22 years, which, he insisted, forces investment in the sector.
“Unfortunately, due to currents against fossil fuels, against investment in this sector, the world is not seeing this level of investment,” he continued, without ceasing to recognize the climate crisis as a challenge that, he predicted, the member countries of OPEC have taken on in order to meet “climate goals”.
According to OPEC estimates, the world economy will double its current size by the year 2045, when there will be 1.6 billion more people on Earth, which means, he reiterated, “that the world will require much more energy.”
“There is no way that a single energy source can meet this increase in demand. OPEC’s vision is that all forms of energy will be required, including oil, gas, coal.” He maintained and assured that oil will maintain the highest percentage of contribution to cover the needs in the following two decades.
The 13 OPEC countries will hold a meeting in Vienna this Saturday to bring their positions closer to the crucial conference tomorrow, Sunday, with their ten allies, including Russia, in which they will decide what the level of their oil production will be. in the coming months.
Source: EFE
Source: Gestion
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