Economic Report 2017

Open to understand the journey of oil and gas and its role in the energy mix

Figure 3: UK Primary Energy Demand by Fuel Type in 2035

1

Other 2 %

2

N uclear 17 %

Oil

3

3 6 %

by 2035, it is f orecast that oil and gas w ill comprise 66%

R enew ables and Waste 13 %

4

of the UK' s energy mix

5 6 7 8

Coal 2 %

N atural Gas 3 0%

Source: B E I S

Figure 4: Indigenous Oil and Gas Production and Demand Projection

18 0

Oil Production

N atural Gas Production

Oil and Gas D emand

16 0

14 0

12 0

9

4 0 Million Tonnes of Oil E q uiv alent 6 0 8 0 100

10

11

2 0

0

2 03 4

2 03 5

2 03 2

2 03 3

2 02 8

2 02 9

2 02 6

2 02 7

2 02 4

2 02 5

2 02 2

2 02 3

2 03 0

2 03 1

2 02 0

2 02 1

2 018

2 019

2 012

2 013

2 014

2 015

2 016

2 017

2 010

2 011

Source: OGA

1 1