IEA cuts global gas demand growth forecast for Asia
The International Energy Agency has taken the step after surprisingly weak Asian markets
The International Energy Agency (IEA) has cut its global gas demand growth forecast on the back of surprisingly weak Asian markets. Only a few years ago the IEA saw that region as exemplifying the future golden age for gas, while even then the golden age in Europe was a thing of the past. Compared to its predictions last year, the Paris-based agency cut its five-year production projection substantially – by 140bn cubic metres (cm) to 3926bn cm. Global gas demand is expected to expand by an average 2% between 2014 and 2020, slower than the 2.3% averaged over the previous ten years. “The experience of the past two years has opened the gas industry’s eyes to a harsh reality: in a world of very
Also in this section
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
