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Number of the week

Every week, we post a ‘Number of the week’ to highlight the important role oil and gas plays in society. Each number is accompanied by a short explanation.

10.2%

The increase of natural gas demand in 2016 in Germany (versus 2015). The share of natural gas in Germany’s primary energy increased to 23%

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Net-zero

Achieving a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases does not mean a world of zero emissions, but a world in which remaining GHG emissions are offset by a drawdown from the atmosphere (negative emissions) to reach an equilibrium (also referred to as ‘carbon …

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28 per cent

If the US energy renaissance that has been playing out over the last ten years – driven by oil and natural gas – had never happened, residential natural gas prices would be 28 percent higher. (Source: ExxonMobil Perspectives blog)

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31 per cent

If the US energy renaissance that has been playing out over the last ten years – driven by oil and natural gas – had never happened, electricity prices would be 31 percent higher and motor fuels would cost 43 percent more. (Source: ExxonMobil Perspectives blog)

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3 million

If the US energy renaissance that has been playing out over the last ten years – driven by oil and natural gas – had never happened, 3 million jobs would not have been created. (Source: ExxonMobil Perspectives blog)

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30

30 Cars per 100 people in China by 2040. In 2014, this figure was about 10 cars per 100. (Source: ExxonMobil.com The Outlook for Energy: A View to 2040, page 8)

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$55 trillion

$55 trillion is invested in fossil fuels today, equivalent to 70% of the annual global gross domestic product (GDP) (Source: Shell: Energy transitions and portfolio resilience, page 11) Click here for more Numbers of the week

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1 billion

OGCI has announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies (Source: OGCI)

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2/3

2/3 of the growth in global consumption of liquid fuels (by 2035) will be driven by the transport sector with support from industry. (Source: BP Energy Outlook 2016, page 23)

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