Global Utilities: China will be joined by a second wave of rapidly growing energy markets

Table of Contents

• DATAMONITOR VIEW
  • PREDICTION
  • The effect rapidly growing Chinese energy demand has had on global energy market dynamics continues to be a major concern for the global energy economy. Chinese energy demand will remain buoyant throughout 2007, leading to continued pressure on global prices.
  • SUMMARY
  • China has lead the world in terms of energy demand growth, largely as a result of a strong acceleration in its economy. This demand growth has resulted in energy, particularly oil, being in shorter supply elsewhere in the world leading to price rises. China's strong economic growth shows no sign of abating in the short term and as such 2007 will again be characterised by rapidChinese energy demand growth. However, China is not the only market where demand growth prospects are significant
  • METHODOLOGY
• ANALYSIS
• Over the past five years China has lead the world in Primary Energy demand growth
  • Growth in Chinese energy demand has been driven by economic growth being significantly above the global average
  • Chinese economic growth will remain the highest in the world in the short to medium term
  • There are four main interdependent factors driving future energy demand growth
  • Whilst China has lead energy demand growth, there has been a second wave of rapid growth markets with strong future potential
  • Chinese energy demand will continue to grow rapidly as a result of continued economic growth
  • In addition to the common theme of GDP growth and low per capita demand, the structural factors driving demand growth in the 15 high potential markets vary widely
• APPENDIX
  • Further reading
  • Ask the analyst
  • List of Figures
    • Figure 1: Primary Energy Demand Growth in the World's 20 Fastest Growing Energy Markets
    • Figure 2: Historic GDP Growth in the World's 20 Fastest Growing Energy Markets
    • Figure 3: Forecast GDP Growth in the World's 20 Fastest Growing Energy Markets
    • Figure 4: Four key factors
    • Figure 5: GDP Growth vs Primary Energy Demand Growth (20 Fastest Growing Markets)
    • Figure 6: Short Term GDP Growth vs Population Growth Forecasts (20 Fastest Growing Markets)
    • Figure 7: GDP Growth vs Per Capita Demand Deviation