Deputy Executive Director discusses investment opportunities that could help transform the global energy system

IEA sees China as principal driver of global oil demand growth

4 November 2010

IEA Deputy Executive Director Richard H. Jones attended the Second China Overseas Investment Fair on 2-3 November in Beijing and presented Energy Technology Perspectives 2010 (ETP-2010) in Shanghai on 4 November.

At the China Overseas Investment Fair, Ambassador Jones delivered two keynote speeches to a Chinese audience interested in investing outside of China. He discussed investment opportunities that could help transform the global energy system based on ETP-2010 findings and summarised the Agency’s analysis on the current status of Chinese outbound investments in the oil and gas sector. Ambassador Jones also introduced IEA projections on Chinese oil demand up to 2030 in which China is seen as the principal driver of global oil demand growth.

In Shanghai, the presentation on ETP-2010 was followed by a lively Q&A session with questions focusing on such topics as natural gas, renewable energy including photovoltaics, energy consumption and investments needed to reach climate targets for developing countries.

The event in Shanghai was hosted by Fudan University and attracted more than 130 participants including officials from the National Development and Reform Commission (NDRC) and Shanghai municipalities as well as energy experts and academics.

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