Cautious optimism for winter gas demand
Two forecasters predict that requirements for the fuel could be higher going forward, albeit with caveats
The IEA still expects 2020 gas demand to record a significant year-on-year drop, but not to the extent it previously feared. And analysts at data firm Refinitiv also believe that this northern hemisphere winter’s demand could be better than in 2019-20, which was ravaged by warmer-than-normal temperatures and the emergence of Covid-19. In its Global Gas Security Review 2020, the IEA revisits its June forecast, which projected a 4pc fall for global gas demand this year, and revises it up to just a 3pc drop. The more bullish number comes from estimates, based on a sample of countries and territories accounting for over 85pc of global gas demand, that the first six months of 2020—the worst affec
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
