The International Energy Agency (IEA) forecasts a slowdown in the growth of global natural gas demand through 2026. This prediction emphasizes the significant role China plays in driving demand. While consumption in mature markets, including North America, Europe, Japan and Australia peaked in 2021, nations in the Asia-Pacific, Africa and the Middle East are expected to lead the growth in natural gas demand over the next few years. China alone is projected to account for almost half of the global increase in gas demand during this period. IEA’s outlook also raises questions about Europe’s position considering the loss of Russian gas supplies and notes cautious optimism due to high storage levels in the European Union for the upcoming heating season.
IEA Predicts Slower Growth in Global Natural Gas Demand
The International Energy Agency (IEA) forecasts a slowdown in the growth of global natural gas demand through 2026.
(AgWeb)
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