Abu Dhabi to host Energy 2030 in November

July 11th, 2008 - 4:00 pm ICT by IANS  

Abu Dhabi, July 11 (IANS) The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will organize the second Energy 2030 meet in November to accelerate the international debate on future energy resources and technologies, WAM reported Friday. The meet, to be participated by some 2,000 delegates and international experts, will discuss the oil outlook and ways to best utilize available resources and emerging technologies, ADIPEC officials have said.

The first Energy 2030 conference was organized in 2006 and was hailed by experts as a platform to discuss the oil crisis.

According to a survey world oil demand would amount to 113.3 million barrels per day in 2030.

Fossil fuels would continue to provide most of the world’s energy needs with a share consistently over 85 percent in 2030, a recent report by the Organisation of the Petroleum Exporting Countries (OPEC) has said.

Non-crude sources, including oil sands and biofuels, would also occupy a significant share of the world’s energy supply in 2030, it added.

In the backdrop of spiralling oil prices and fast rising energy demand by developing economies, the conference would also review the oil scenario and alternative sources of energy, officials said.

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