Turner Valley Oil and Gas Inc (TVOG)

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Through 2019, global demand for asphalt is projected to expand 2.8 percent per year to 122.5 million metric tons (742.5 million barrels). The Asia/Pacific region has overtaken North America as the largest regional market for asphalt and will continue to record the fastest advances through 2019, driven primarily by strong growth in China and India. China surpassed the US as the leading global asphalt consumer in 2012 and accounted for over one-fifth of the global market in 2014. However, growth in China will decelerate from the rapid gains of the 2009-2014 period as the country shifts its focus to repairing and maintaining current roadways rather than expanding the road network. Asphalt demand in India will benefit from the large public works projects necessary for the country’s continued economic development.