{"id":356681,"date":"2020-06-11T10:18:51","date_gmt":"2020-06-11T04:48:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356681"},"modified":"2020-06-11T10:30:33","modified_gmt":"2020-06-11T05:00:33","slug":"global-natural-gas-demand-set-for-biggest-fall-on-record-says-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-natural-gas-demand-set-for-biggest-fall-on-record-says-report\/","title":{"rendered":"Global natural gas demand set for biggest fall on record, says report"},"content":{"rendered":"<p>The global natural gas market is poised for the biggest-ever drop in demand as a result of the Coronavirus crisis, an event that\u2019s likely to hamper the industry\u2019s growth for years to come. <\/p>\n<p>Consumption is set to slump by 4% this year, or twice the amount lost after the 2008 financial crisis, according to the International Energy Agency\u2019s Gas 2020 report. Global demand is expected to rise by just 1.5% annually to 2025, compared with a previous forecast of 1.8%. <\/p>\n<p>\u201cThe record decline this year represents a dramatic change of circumstances for an industry that had become used to strong increases in demand,\u201d said Fatih Birol, the IEA\u2019s executive director. \u201cThe Covid-19 crisis will have a lasting impact on future market developments, dampening growth rates and increasing uncertainties.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global natural gas market is poised for the biggest-ever drop in demand as a result of the Coronavirus crisis, an event that\u2019s likely to hamper the industry\u2019s growth for years to come. Consumption is set to slump by 4% this year, or twice the amount lost after the 2008 financial crisis, according to the International Energy Agency\u2019s Gas 2020 report. Global demand is expected to rise by just 1.5% annually to 2025, compared with a previous forecast of 1.8%. \u201cThe record decline this year represents a dramatic change of circumstances for an industry that had become used to strong [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-356681","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=356681"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356681\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}