Despite the dramatic recent weakening in global energy markets, ongoing economic expansion in Asia – particularly in China and India – will drive continued growth in the world’s demand for energy over the next 20 years. According to the new edition of the BP Energy Outlook 2035, global demand for energy is expected to rise by 37% from 2013 to 2035, or by an average of 1.4% a year.
“Shale gas might be a game changer by bringing gas, coal and finally oil prices down. And cheap oil will no drive industries to make high investments into alternative raw materials”. To say it is Martin Schnee, partner of Breslin, one of the most important transaction strategic advisory companies in Europe in the field of bioeconomy, with offices in Zurich, London, Frankfurt am Main and Munich. In the context of the development of the bioeconomy, Schnee warns against the increasingly important role played by shale gas, a natural gas that is found trapped within shale formations. Shale gas has become an increasingly important source of natural gas in the United States since the start of this century, and interest has spread to potential gas shales in the rest of the world. In 2000 shale gas provided only 1% of U.S. natural gas production; by 2010 it was over 20% and the U.S. government’s Energy Information Administration predicts that by 2035, 46% of the United States’ natural gas supply will come from shale gas. Schnee speaks with us about bioeconomy from an investment point of view, considering that “alternative energy and biomaterials from alternative sources might make a large contribution to Europe’s future growth”.
Interview by Mario Bonaccorso