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2 Impacts of changes in oil prices on gas prices in the United States 510 512 Part D: Energy prospects in Southeast Asia © OECD/IEA, 2009 Chapter 15. 15 Planned gas pipeline interconnections Chapter 16. 12 Philippine energy-related CO2 and local air pollutant emissions in the Reference Scenario Table of contents 538 539 540 549 553 558 560 561 562 565 566 568 571 574 576 582 583 593 594 595 601 602 603 611 611 612 618 35 List of boxes Introduction 1 To what extent are high oil prices to blame for the economic crisis?
Measures to encourage energy savings, by improving the efficiency of gas use and encouraging low-carbon technologies, reduce gas demand. This more than offsets the enhanced competitiveness of gas against coal and oil in power generation and end-use applications that results from higher carbon prices and regulatory instruments. Gas demand in OECD countries generally peaks by 48 World Energy Outlook 2009 around the middle of the projection period in this scenario and then declines through to 2030, as generators switch investment mainly to renewables and nuclear power capacity.
Measures in the transport sector to improve fuel economy, expand biofuels and promote the uptake of new vehicle technologies — notably hybrid and electric vehicles — lead to a big reduction in oil demand. By 2030, transport demand for oil is cut by 12 mb/d, equal to more than 70% of all the oil savings in the 450 Scenario. Road transport accounts for the vast majority of these transport-related oil savings. A dramatic shift in car sales occurs; by 2030, conventional internal combustion engines represent only about 40% of sales, down from more than 90% in the Reference Scenario, as hybrids take up 30% of sales and plug-in hybrids and electric vehicles account for the remainder.