ExxonMobil, one of the world's largest publicly traded multinational oil and gas companies, has projected that global energy demand will be in the range of 1200 Quadrillion (British Thermal Unit (BTUs), even as global Gross Domestic Product (GDP) approaches the $120 trillion mark with a global population of 9 billion people.
This was disclosed at the just concluded presentation of the ExxonMobil Energy Outlook Series titled: The Outlook for Energy: A view to 2040 in Nigeria at the Oriental Hotel, Victoria Island, Lagos. The platform was designed with the objective of broadening understanding of energy sector challenges and opportunities globally and in Nigeria and to project ExxonMobil’s investments in meeting global energy need with 2040 in view.
The session, examined the dynamics of population geometric growth, availability of energy resources, economic growth and the global desire for improved living standards. It also advocates new trends in energy utilisation with attendant effects on availability and distribution of electricity.
Discussions at the forum centred mainly on the current level of ExxonMobil’s investment in LNG in Nigeria, the place of shale gas in the energy mix and how it affects Nigeria and a revisit of coal in the energy mix and implication for Nigeria. The platform also provided the opportunity for industry lights to elucidate on global future energy requirements.
The one-day event attracted a total of 108 guests spanning the academia, manufacturing sector, financial services sector, energy, oil & gas, government, media and etc. Notable dignitaries at the event were Ben Akabueze, Lagos State Commissioner for Economic Planning & Budget; Prof. Ayo Ibidapo-Obe, Vice Chancellor of the Federal University Ikwo, Ebonyi State.
The session also had in attendance others like Opeyemi Agbaje, CEO, RTC Advisory Ltd and leading economic analyst and columnist; Dr. Enase Okonedo, Dean of the Lagos Business School; Austin Avuru, CEO of Seplat Petroleum, representatives of leading indigenous oil and gas company listed on the Nigerian Stock Exchange among others
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