OPEC projects 23% growth in world’s energy demand by 2024

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 percent increase in energy demand across the world by 2045.

The OPEC Secretary-General, Haitham Al Ghais, stated this at the ongoing 23rd Nigerian Oil and Gas (NOG) Energy Week Conference and Exhibition on Tuesday in Abuja.

He said the rise in energy demand would be fueled by a world economy that is expected to grow from $138 trillion in 2023 to $270 trillion in 2045.