The shifting geography of energy demand

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For many decades, global energy demand was mainly concentrated in wealthy, industrialised economies such as the United States, Europe and Japan. That has changed in the 21st century as China’s rapid economic growth moved the centre of gravity eastward, with the country driving more than half of global oil and gas demand growth and 60% of electricity demand growth since 2010.   Now, the landscape is shifting again. Emerging economies – led by India and Southeast Asia, and joined by countries…