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Statoil predicts major increase in global energy demand

The emerging markets' thirst for energy will make the global energy demand increase by 40 percent ahead of 2040, predicts Statoil in a new report.

The economic growth in emerging markets will significantly increase the global demand for energy. That's the conclusion of the annual forecast report recently published by Norwegian energy group Statoil.

"Economic development will continue to drive energy demand, and energy is a prerequisite for economic growth," says Statoil chief economist Eirik Wærness in the report.

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