IEA forecasts growth in gas demand this year

According to an analyst at the International Energy Agency (IEA, demand for gas is expected to grow by 2.8% this year. The increase represents about 110 billion cubic meters (bcm). The information was given on Tuesday (26).

Despite the large fall in the covid-19 pandemic gas markets over the past year, demand for raw materials has remained strong compared to other energy sources. Consumption collapsed by 100 bcm in 2020, according to IEA senior natural gas analyst Jean-Baptiste Dubreull. However, already this year, liquefied natural gas (LNG) prices have been recovering and breaking records. This has been because of climate issues and offers in the market.

Despite this, the analyst said that although demand for gas is recovering, there is still no expectation of a major recovery. Thus, some markets should take time to return their levels to those of 2019.


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