<<< $BOPT >>> North America seen 'net energy exporter' by 2025
North America is "likely" to become a net exporter of energy by 2025, ExxonMobil said in December 2012 in its annual energy outlook.
Surging shale gas and other unconventional resources will help propel the changes, leading to US economic and manufacturing strength, as well as more trade with Asia and Europe.
Meanwhile overall energy demand will grow by 35% by 2040, ExxonMobil said.
The Irving, Texas-based company predicts more than half the unconventional natural gas growth will take place in North America, with the fuel expected to overtake coal as the world's No. 2 fuel by 2025. ExxonMobil predicts this will happen faster than it forsaw in 2011, when it saw the change taking place by 2030.
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