Global gas markets to return to growth in 2024

The latest quarterly report from the IEA is just released and some of the key takeaways include: A return to to growth: global gas demand is forecast to grow by 2.5% (or 100 bcm) in 2024, with almost half of that growth driven by weather and recovery from the 2022 gas supply shock; Another dry year: global LNG trade is expected to expand by a mere 3.5% (or 18 bcm), well-below its 8% growth rate displayed during 2016-20; No sign of relief: after dropping by 20% in just two years, Europe’s gas demand is expected to grow only by a […]