Future growth in energy demand will be driven by these emerging markets, which are also expected to shift the world's energy patterns and influence world economies, geopolitics and even security, BP's chief economist, Spencer Dale, said at ONS in Stavanger.

"Global energy demand is expected to increase by around one third over the next 20 years, with almost all that increase coming from emerging markets, while growth of energy demand within the OECD economies, the main developed economies, will remain essentially flat," Dale said.

"Although