Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares to a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…
International Energy Agency
Articles from International Energy Agency
IEA Says Natural Gas Supply Must Plunge 78% to Meet Climate Targets
New investments in onshore unconventional oil and gas projects may still be needed even if human-induced global warming is kept to 1.5 degrees C or less, but overall production would need to fall dramatically, the International Energy Agency (IEA) said Tuesday. To achieve the 1.5-degree target and reach net zero greenhouse gas (GHG) emissions globally,…
September 27, 2023
Natural Gas Supply Shortages Could Test Market for Years, IEA Says
Liquefied natural gas (LNG) production outages broke records last year and combined with upstream underperformance to limit supplies and tighten the global market in a way that could worsen over the coming years, the International Energy Agency said Monday. The total LNG volume lost to planned or unplanned outages was 53 billion cubic meters (Bcm)…
February 1, 2022
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