DAEGU (South Korea): Net oil imports in the Asia-Pacific will rise to more than 25 million barrels per day in 2035, or close to the current crude output in the Middle East, as energy demand growth outpaces the rest of the world, the Asian Development Bank said on Monday.
Asia-Pacific nations will need cumulative investments of more than $11 trillion between 2010 and 2035 to fuel energy needs, the bank said in a report on the region's energy outlook.
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