GTOEGigatons of Oil Equivalent
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These activities are expected to grow further as the world energy demand from oil would reach around 4 GTOE by 2020.
In giga-tonnes of oil equivalent (Gtoe), for ready comparison, Africa possesses 16Gtoe of oil, 13Gtoe of gas and an enormous 34Gtoe of coal.
The figures, which DG Research is describing as representing a reference, or business as usual', scenario, foresee total world energy consumption rising to 22 Gtoe (gigatonnes oil equivalent) in 2050, compared to around 10 Gtoe per year at present, with fossil fuels accounting for 70% of this total.