Energy demand growth set to decline by 2040

Services and consumption to power usage, rather than gas-guzzling firms

China's energy demand growth is expected to slow to 1.1 percent per annum by 2040, less than one fifth of its pace in the last 22 years of 5.9 percent per annum, according to the BP Energy Outlook 2019.

This is against the backdrop that much of the increase of energy demand will be concentrated in developing Asia including India and China, where rising prosperity and improving living standards will support increased energy consumption per head.