| Abstract |
Growth in China’s economy will result in an almost three-fold increase in energy demand through 2030. Over the outlook period, China will account for about 42 percent of APEC’s overall energy demand growth, 67 percent of coal demand growth, more than 30 percent of oil demand growth, and about 24 percent of natural gas demand growth. China’s oil import dependency will increase from 22 percent in 2002 to 70 percent in 2030. The investment requirement will amount to between US$1.9-2.3 trillion, representing 37 percent of the overall APEC investment requirements for the energy sector. |
