Global gas demand on course for biggest annual fall on record: IEA
The coronavirus crisis and a very mild winter in the northern hemisphere have put global natural gas demand on course for the biggest annual fall on record, the International Energy Agency said in its annual outlook on Wednesday.
Global gas demand is expected to fall by 4%, or 150 billion cubic metres (bcm), to 3,850 bcm this year – twice the size of the drop following the 2008 global financial crisis.
Major global gas markets have experienced price falls to record lows as lockdowns and reduced industrial output due to the COVID-19 pandemic have stunted demand.
