Lower prices and higher demand this winter are set to drive a return to strong growth in global natural gas consumption in 2024, the International Energy Agency (IEA) said on Friday. This year, natural gas demand is set for 2.5% growth, following a meager 0.5% increase in 2023, the agency said in its latest Gas Market Report for Q1 2024.
The significantly lower natural gas prices – compared to the 2022 highs – are supporting higher demand, as are colder temperatures this winter compared to the exceptionally mild winter of 2022/2023,…IEA: Global Natural Gas Demand Returning to Strong Growth in 2024
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