EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand
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SEPTEMBER 10, 2014
Other liquids refer to natural gas plant liquids (NGPL), biofuels (including biomass-to-liquids [BTL]), gas-to-liquids (GTL), coal-to-liquids (CTL), kerogen (i.e., Developing Asian countries (including China and India) account for 72% of the world increase in liquid fuels consumption, with Middle East consumers accounting for another 13%.
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