China Won’t Reach Peak Energy Demand Till 2040

China will not reach peak energy demand until the year 2040,
according to a new report from the China National Petroleum Corp
(CNPC) on Wednesday. Previous estimates said the peak would be
reached in 2035, but new figures suggest that five years later,
demand would be its highest at 4.06 billion tons of oil equivalent.
Rising fuel needs stem from an increasing number of cars on Chinese
roads, as a growing middle class adopts new luxuries in their daily
lives. The report added that China’s old demand will grow at a rate
of 2.7 percent annually…

China will not reach peak energy demand until the year 2040,
according to a new report from the China National Petroleum Corp
(CNPC) on Wednesday. Previous estimates said the peak would be
reached in 2035, but new figures suggest that five years later,
demand would be its highest at 4.06 billion tons of oil equivalent.
Rising fuel needs stem from an increasing number of cars on Chinese
roads, as a growing middle class adopts new luxuries in their daily
lives. The report added that China’s old demand will grow at a rate
of 2.7 percent annually…