World oil demand growth to be led by Asia - IEA
* India to consume more energy than Japan by 2020
* China to use more energy than United States by 2025
* Southeast Asian energy demand also spurred by rapid growth
By David Sheppard
LONDON, Nov 10 (Reuters) - China and India will be responsible for most of the world's oil demand growth over the next two decades, the International Energy Agency (IEA) said on Tuesday.
The agency's annual World Energy Outlook said if government policies stay as they are, Indian oil demand is likely to rise by 3.9 percent every year until 2030, while Chinese demand will rise by 3.5 percent annually over the same period.
This compares with just 1 percent year-on-year oil demand growth for the world as a whole. Most industrialised economies in the Organisation for Economic Cooperation and Development (OECD) will see demand fall due to greater energy efficiency.
"India is going to overtake Japan by 2020 as the third largest oil and gas spender (consumer)," IEA Chief Economist Fatih Birol told a news conference. Continued...
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