Thursday, 28 November 2019 06:12

Oil is no longer world’s energy resource, indicators

Rapid growth of demand for liquefied gas (LNG) is expected early in 2030s, which will be associated with a legislative decision of developed world economies to prohibit production of internal combustion engine vehicles and replace them with electric engines, which will require more than a double increase of demand for electricity generated out of environmentally friendly resource. LNG will be one of the main resources among them. Hydrocarbons will be in demand at the markets of 2030s, Caspian Energy News reports, citing the European media sources.

Besides, as early as this year China published official information about reduction of diesel fuel and petrol consumption by 8%, 9% and 12% in 2018, 2019 and 2020 respectively.

China will fully give production and sale of new internal combustion engine vehicles by 2030. In the meantime, the process of gradual replacement of the modern vehicle fleet with electric cars has already been in progress. In 2017 the Chinese produced 28 million vehicles, of which, 500,000 were vehicles with an electric engine.  

Since 2030 Sweden will set a legislative ban on production of internal combustion engine vehicles.

Norway has prohibited sale of vehicles consuming petrol and diesel fuel from 2025. The similar decision was made by the Danish authorities as well.

To date, there are 10 countries in the world which called concrete dates when they shall stop production and sale of internal combustion engine vehicles. Noteworthy among them are Great Britain and France.

As far as the global trends are concerned, halting of production of petrol and diesel fuel driven vehicles will happen in Volvo from 2030, Mazda in 2030s and Opel from 2024. By the way, China has already switched a considerable part of the country to electricity gained from solar batteries.

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