Rosneft CEO Expects India’s Energy Demand to Surge

Economic growth will drive energy consumption in India significantly higher in the coming years, Rosneft’s chief executive Igor Sechin has predicted. “Over the next five years, India is projected to continue its strong economic momentum and become one of the top three largest economies in the world with a GDP of $5 trillion, and by 2050 will overtake the US in terms of the size of the economy,” Sechin said, speaking at the St. Petersburg Economic Forum, as quoted by Indian media. By 2050, the subcontinent’s energy consumption…