Headed into 2024, global natural gas prices have seemingly coalesced around a new normal after a volatile two-year period, but experts warn a tenuous market balance means volatility is likely just around the corner for at least the next year. While prices for spot LNG and European pipeline volumes are elevated after Russia’s 2022 invasion…
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Global Natural Gas Demand Rebounding, with U.S. LNG Capacity Growing, Says IEA
The world’s thirst for natural gas is set to rebound sharply this year and continue rising into 2024, in part as U.S. export capacity grows, the International Energy Agency (IEA) said Monday. Global Demand is forecast to rise by 3.6% in 2021 before easing to an annual growth rate of around 1.7% from 2022-2024, researchers…
July 6, 2021
Natural Gas to Become World’s Primary Fossil Fuel by 2050, Says Gas Exporting Countries Forum
Amid the ongoing energy transition, natural gas and renewables are seen accounting for more than 90% of incremental energy demand globally through 2050, according to a new report from the Gas Exporting Countries Forum (GECF) The GECF on Wednesday released the latest edition of its Global Gas Outlook 2050 report, which outlined a future in…
February 24, 2021
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