The demand for energy will continue to grow significantly over the coming decades, and not just in Singapore. Global demand is expected to increase, with a large portion of the growth coming from the developing economies in Asia. In the decade from 2000 to 2010, the Asia-Pacific region accounted for 56% of the increase in global primary oil demand, and the Baker Institute estimates that it will account for 70% of global oil demand growth from 2010 to 2020.
I see big potential for production growth in the region, and I predict that Singapore will play an increasingly important role in the oil and gas industry.
