Organization of Petroleum Exporting Countries (OPEC), has predicted that global energy demand could rise by at least 28% in 2045.
OPEC director of the research, Ayed Qahtani, said last weekend that all forms of energy will therefore be needed to cope with the rising demand for power.
Speaking during the International Energy Forum in Riyadh, Qahtani, said: “indeed this will require the use of all forms of energy to support the post-pandemic recovery, energy transition, and address the long-term energy needs.”
Qahtani also forecast the global economy to grow by 4.2% in 2022. He admitted the uncertainty of this figure is due to the Covid pandemic, which he said has badly affected the petroleum industry.
Qahtani claimed the pandemic has disrupted supply chains, and now there is a lack of investment, particularly in the oil sector.
By Chibisi Ohakah, with agency report
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