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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.

24

Paragraph 24 of G20 Leaders’ Communique has a positive message on natural gas. Link: http://ow.ly/qwg2303W4Mu http://ow.ly/i/mLZqf Source G20 leaders communique

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216 trillion…

216 trillion cubic metres of proven gas reserves currently exist. That’s enough for 60 years of production at current levels – and that is only ‘proven’ reserves, resources are even higher. Source International Energy Agency

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~50%…

~50% of Europe’s home heating is provided by natural gas. Heating represents 70% of a household’s energy consumption. The introduction of natural gas into our heating system over the past decades has dramatically changed how Europeans heat their homes, businesses and schools, enabling them to live comfortably without emptying their wallets. …

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21…

… liquefied natural gas (LNG) regasification terminals in Europe. They can regassify nearly 200 billion cubic meters of gas per year – that is roughly half of the EU gas demand. With LNG, nearly 80% of the world’s proven gas reserves are accessible to Europe within a radius of 7,000 …

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11,491…

… Olympic Athletes are expected to take part in Rio 2016 hailing from more than 200 different nations. (Source: https://www.rio2016.com/en/athletes) Mobility is a key factor in making these global events possible. 92% of global transport is based on oil.

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12,000…

During a 90 min football game the world population will grow by 12,000 people. Between 2014 and 2040 the world population is expected to grow from 7.2 to 9 billion people. Energy demand is expected to grow by 25% till 2040. That is why we need oil and gas. (Source: …

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92%…

… of global transport is based on oil. (Source: Shell.com: Energy Transitions and Portfolio Resilience Page 9)

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40%…

… Of the growth in global energy demand from 2014-2040 is projected to be met by natural gas. (Source – ExxonMobil.com: http://corporate.exxonmobil.com/en/energy/energy-outlook)

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$1 trillion…

… the amount of annual investment that will be required for the next 25 years in order to secure the volumes of oil and gas the world will need. Without this investment, an energy gap looms which would exacerbate energy poverty in the developing world. (Source – IEA World Energy Outlook …

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