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Chemicals demand favors oil and gas

  • Feedstock comprises about two-thirds of chemicals energy demand, fuel about one-third
  • Since 2000, gas liquids use has grown by two-thirds as unconventional oil and gas have expanded supplies, particularly in the U.S. 
  • Naphtha and gas liquids are expected to see similar volume growth and together account for about 60 percent of demand by 2040 
  • Gas is a feedstock for fertilizers and other chemicals, and is also used as a fuel 
  • China uses coal as a fuel and an alternative chemical feedstock