Oil & Gas - Douglas-Westwood
Oil & Gas - Douglas-Westwood
Oil & Gas - Douglas-Westwood
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Massive global growth in electricity demand<br />
25<br />
500<br />
WORLD (TW hours thousand d)<br />
20<br />
15<br />
10<br />
5<br />
Total World<br />
Australia<br />
450<br />
400<br />
350<br />
300<br />
250<br />
200<br />
150<br />
100<br />
50<br />
Australia (TW<br />
hours)<br />
0<br />
0<br />
200 8<br />
200 7<br />
200 6<br />
200 5<br />
200 4<br />
200 3<br />
200 2<br />
200 1<br />
200 0<br />
199 9<br />
199 8<br />
199 7<br />
199 6<br />
199 5<br />
199 4<br />
199 3<br />
199 2<br />
199 1<br />
199 0<br />
Source: BP<br />
• Massive investments needed in new powergen plant<br />
• Also to replace old plant and transmission system<br />
• Costs of the move to the ‘smart grid’<br />
26
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