Resource investors, take note: By 2025, just 10 years from now, energy consumption in Asia will increase a whopping 31%. A whole two-thirds of that demand, driven largely by China and India, will be for fossil fuels, most notably coal.
In this interview with The Energy Report, Damaskos argues that current prices are dismal news for the majors, shale oil producers and the oil sands but underlines the advantage of investment in juniors with solid, long-term projects, of which he presents five.
China and Russia deepened their energy ties with a second blockbuster deal that lessens Russian reliance on Europe and would secure almost a fifth of the gas supplies China needs by the end of the decade.
As we begin a new year we wanted to take a look at the current energy landscape and see what the future holds for the global economy, America's oil and gas boom, zand whether renewables will continue to be a favorite among investors.