Global Gas Demand To Take a 4 per cent hit- Says IEA

  • Jun 10, 2020 AEST
  • Team Kalkine

The global gas demand is poised for the biggest annual fall on record due to the impact of COVID-19 outbreak and very mild winter across the northern hemisphere- as per International Energy Agency (or IEA).

  • IEA anticipates the global gas demand to take a hit of 4 per cent (decline by 150 billion cubic metres to stand at 3,850 billion cubic metres) in 2020.
  • While the oil and gas players across the globe and trimming their spending and deferring expansion over the decline in oil and gas prices, IEA further anticipates that demand for oil and gas could rebound by next year.


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