- Analytics
- News and Tools
- Market News
- IEA: Global natural gas demand set for slow growth in coming years
IEA: Global natural gas demand set for slow growth in coming years
In the latest Gas Market Report, the International Energy Agency (IEA) warned that global natural gas demand growth is likely to contract slightly in 2022 and will continue it sluggish trend over the next three years.
The dire gas consumption outlook is based on the fact that Russia's war in Ukraine has pushed up prices and fuelled fears of further supply disruptions.
Key quotes
Today's record-high gas prices are depressing demand and causing some gas users to switch to coal and oil, while recent sharp cuts in Russian gas flows to Europe are raising alarms about supplies ahead of the winter.
The turmoil is damaging natural gas' reputation as a reliable and affordable energy source, casting doubts about the role it was expected to play in helping developing economies meet rising energy demand and transition away from more carbon-intensive fuels.
The recent developments have led to a considerable downward revision of gas' growth prospects.
Global gas demand is set to rise by a total of 140 billion cubic metres (bcm) between 2021 and 2025, less than half the amount forecast previously and smaller than the 170 bcm increase seen in 2021 alone.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
