World Oil Outlook - Opec

Figure 1.8
World supply of primary energy by fuel typeFigure 1.8
400
350
300
250
200
150
100
50
0
mboe/d
Nuclear/Hydro/Biomass/Other renewables
Gas
Coal
Oil
1960 2010 2035
with the oil share having fallen from 35% in 2010 to 27% by 2035. Natural gas use
will rise at faster rates, both in percentage terms and quantities, than either coal or oil,
with its share rising from 23% to 26%. Figure 1.13
There is clearly potential for shale gas on the world energy scene. Figure 1.9
shows the volume mtoe of natural gas reserves, excluding shale gas, but adding estimates for
shale gas 300 reserves to these figures would further emphasize the potential of natural gas.
Two main themes for exploring the possible significance of shale gas will be its possible
future role 250 in the transportation sector, particularly for freight vehicles (Box 2.1), and
the size of recoverable reserves of shale gas (Box 3.1).
200
Other non-OECD
The principal use OECD of this Asia Oceania gas in the foreseeable future will be to replace coal in
electricity generation, as well as increased use in the petrochemicals sector. Some GTL
150
projects are also being considered. In addition, it should be noted China that the rise in gas
OECD Europe
demand on the back of rising shale gas supply will likely put upward pressure on gas
100
prices in the future which would dampen demand prospects.
In 50 terms of calorific OECD value, America there are more coal reserves than the sum of oil and
India
gas reserves. At the end of 2010, the US, Russia, China, India and Australia account
0
OECD Non-OECD
47
Chapter
1