Crude oil prices has recovered to acceptable levels while the gas sector is yet to see a similar recovery after a drop in demand due to the financial crisis, said Dr Ibrahim B Ibrahim, Economic Adviser to the Emir of Qatar and Secretary General–General Secretariat for Development Planning.
Dr Ibrahim was speaking at the International Petroleum Technology Conference (IPTC) 2009 which was held in Doha recently. Energy industry leaders from around the world including government and representatives from global financial institutions took part in the event.
The demand for energy is expected to grow between 20 percent to 40 percent by 2030. The level of demand growth, however, will depend on the nature of environmental regulations to be introduced and implemented, he said.
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