Asia to Contribute 70 Percent to Global Energy Demand Growth, Naimi Says

(Bloomberg) -- Asia will account for more than 70 percent of the world's incremental demand growth for energy, Saudi Oil Minister Ali al-Naimi said.

The continent, with more than half of the world's population, is the most important oil market, Naimi said at a meeting of producers and consumers from 16 Asian nations in Riyadh, Saudi Arabia, today. Consuming nations in East Asia can depend on West Asia for future security of oil supply, he said.


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