Energy Demand Climbs in India and China/Nuclear, Hydro and Gas Projects Grow, but Coal Remains Dominant

China: China has become the world’s biggest energy consumer by many estimates, surpassing the U.S. China continues to rely on coal for a major portion of its electricity needs, but it is investing heavily in other resources. China is industrializing and modernizing at a very rapid rate. As a result, its demand for energy is booming, due both to a rise in its industrial base and to rapidly growing middle and upper classes that are clamoring for automobiles, larger houses and other energy-guzzling items such as TVs and home computers.

Today, China imports oil from sources all over the world. Like many other nations, it is working hard to improve its oil security and move away from reliance on OPEC and other traditional sources. As a result, China is investing heavily in oil fields and projects from South America to Indonesia to Kazakhstan to Russia. China National Offshore Oil Corp. International Limited (CNOOC), for example, has properties in production or under development in Indonesia, Australia and Nigeria.

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Energy Demand Climbs in India and China/Nuclear, Hydro and Gas Projects Grow, but Coal Remains Dominant, Business and Industry Trends Analysis

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