Centre Of The World

摘要

Chua Talk Him, deputy CEO of International Enterprise Singapore, gave delegates at the second StocExpo Asia event an informative welcome address: "Despite the current uncertainties in the global financial landscape, energy demand is expected to continue growing in the midterm," he reassured guests. "The International Energy Agency estimates that global demand for energy will increase by 55 per cent between 2005 and 2030, at an average annual rate of 1.8 per cent. To ensure continued growing oil supply, much is at stake." Chua explained that although there is enough oil for the foreseeable future, but getting it to the market involves a bigger challenge. For one, an enormous amount of investment is required. "Estimates have pointed to an investment of $20tr required over the period 2005 to 2030," he said. "This is further compounded by the cost of equipment."