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India's energy demand boom to reshape global markets: Rosneft chief

India will account for about half of global oil demand growth and 15 per cent of the increase in global electricity consumption over the next decade, making it one of the world's most important energy markets, Igor Sechin, chief executive of Russian oil producer Rosneft, said. Speaking at the St. Petersburg International Economic Forum, Sechin said India's oil consumption is expected to rise 44 per cent to nearly 8 million barrels per day by 2035, while electricity demand is projected to surge 80 per cent to almost 3,000 terawatt-hours, approaching the current consumption levels in the European Union. "Speaking of our strategic partners, I would like to specifically mention India. Today, India's economy is one of the key drivers of global energy consumption growth," he said. According to the International Energy Agency's projections, over the next 10 years, India will account for about 15 per cent of the global increase in electricity demand. India also holds a unique position in th

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