Russia: Oil And Gas Aren’t Going Anywhere In The Coming Decades

Decades from now, oil and gas will continue to account for the majority of global energy consumption, Russian Deputy Prime Minister Alexander Novak said on Thursday. Oil and gas, which currently account for around 85 percent of the global energy mix, cannot be entirely replaced, the Russian official said the Russian Energy Week forum. Oil currently accounts for around 31 percent of the world’s energy consumption, Novak said, adding that “it is obvious we will never move away entirely from hydrocarbons in the coming decades, despite…