Presentation of the IEA’s Quarterly Gas Market Report
Global gas consumption returned to structural growth and reached an all-time high in 2024. Natural gas demand is expected to expand further in 2025, primarily supported by fast-growing Asian markets. At the same time, the global gas balance remains fragile, with the supply side remaining fundamentally tight and geopolitical tensions continuing to fuel price volatility. While the halt of Russian piped gas transit via Ukraine on 1 January 2025 should not pose an imminent supply security risk for the European Union, it could increase LNG import requirements and tighten market fundamentals this year.
The latest edition of the quarterly Gas Market Report by the International Energy Agency (IEA) provides a thorough review of market developments in 2024 and a short-term outlook for 2025.
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