Related Articles
Forward article link
Share PDF with colleagues

IEA cuts global gas demand growth forecast for Asia

The International Energy Agency has taken the step after surprisingly weak Asian markets

The International Energy Agency (IEA) has cut its global gas demand growth forecast on the back of surprisingly weak Asian markets. Only a few years ago the IEA saw that region as exemplifying the future golden age for gas, while even then the golden age in Europe was a thing of the past. Compared to its predictions last year, the Paris-based agency cut its five-year production projection substantially – by 140bn cubic metres (cm) to 3926bn cm. Global gas demand is expected to expand by an average 2% between 2014 and 2020, slower than the 2.3% averaged over the previous ten years.  “The experience of the past two years has opened the gas industry’s eyes to a harsh reality: in a world of ve

Also in this section
Peak demand and oil's long-term trap
19 January 2018
Fixating on the timing of a peak in oil demand is misplaced. Rather, the peak's significance is in shifting the paradigm, from perceived scarcity to perceived abundance. And it poses a problem for low-cost producers
The end is nigh for oil
12 January 2018
Fossil fuel merchants including oil companies are living on borrowed time, argues a new book
US energy: what to watch in 2018
3 January 2018
Oil production, trade, renewables and technology top our list of major questions facing America's energy industry heading into the new year