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Jul 06, 2022 03:42 AM
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Global Gas Demand Growth Forecast to Sputter for Years, IEA Says

Global gas demand growth to 2024 is forecast to shrink 60% compared with a previous IEA forecast.
Global gas demand growth to 2024 is forecast to shrink 60% compared with a previous IEA forecast.

(Bloomberg) — Global natural gas demand will sputter for the next three years as soaring prices and the threat of further Russian supply cuts discourage consumption.

Gas use is expected to slip 0.5% this year as reduced economic activity in Asia and a sharp drop in European gas demand overshadows more buoyant markets in North America, the International Energy Agency (IEA) said in its quarterly market report. Global demand growth to 2024 is forecast to shrink 60% compared with a previous IEA forecast.

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