leaGlobalGas SecurityReview2024Including the Gas Market Report Q4-2024
INTERNATIONALENERGYAGENCYTheIEAexaminesthe Ullspedtum of energeyIEAmembercountries:SpainAustraliaSwedendemand, renewable anergy echnologies,ectidly markes, energ eficency, aces toAustriaSwitzerlandnanagementandmuchBelgiumRepublic ofTurkiyemore.Throughitswork,theIEAadvocalesCanadaUnitedKingdompolicies thatwillenhance thereliabiy,aforiabiy and susdainahiy pfrenegy ints 31CzechRepublicUnited Statesmember countries, 13 association countries andDenmarKEstoniaTheEuropeanCommissionbeyondFinlandalso participates in theworkFranceof the IEAGermanyThis publication and arny map included herein areIEAassociation countries:Greeceistatusoforsovereigntyover any tertoy, to thedelimitation ofHungaryArgentinainternational frontiers and boundaries and to therIrelandBrazilname of any territoary, cily or area.ItalyChinaJapanEgyptKoreaIndiaLithuaniaIndonesiaLuxembourgKenyaMexicoMoroccoNetherlandsSenegalNewZealandSingaporeNorwaySouth AfricaPolandThailandSource:IEA.UkraineInternafionalEnergyAgencyPortugal:WWw.iea.orgSlovakRepubliclea
AbstractGlcbalGasSecuityReview2024AbstractFollowina the gassunoly shock of2022/23, naturalgas marketshave returned to more pronounced arowth, with alobal gas demandexpected to reach new all-time highs in both 2024 and2025. At thesametime,the globalgasbalanceremains fraile amid limitedLNGsupplygrowth and geopolitical tensionsTheGlobalGaeSecurityRauiawhas nmvided athomunhassessmentofthe evolutionof aassunoly securitvandINGcontractina trends each vear since its first publicationbv theInternationalEnergyAgency (IEA)in2016.This year's edition alsoincludesthelatestinsightsoftheIEA'squarterlyGasMarkerReport,whichprovidesareviewofmarketdevelooments overthefirst three quarters of 2024 and a short-termoutlook for theresponsibleproducers andconsumerstoworktoaethertoreinforcathe architecture of alobalaas supplv securitvshort andlona term.the decarbonisation of the globalenergysystemvwillrequirethe deployment and scalingup of low-emissionsgases.As part of the IEA's Low-Emissions CasesWorkProaramme.thisvear'sReviewincludesasoecialsection on thistopic, with a focus on the system integration of low-ermissions gasesin the transportsectorPAGEI3
GlbbalGasSecurityReview2024TableofcontentsTableofcontentsExecutive summary.Review of kev gas supply security events in 2024.11Gasmartetup..LNG contracting and flexibltyupdate.,55System integration of low-emissions gases...Annex.PAGE|4
ExecutivesummaryExecutive summaryPAGE|5
ExecutivesummaryGibal Gas SeculityRevew 2024A fragile balance: Natural gas markets remain sensitive two years after the gas supply shockFollowing the supply shock of 2022/23, natural gas markets(Q1-Q32024)-wellabove the2%averagegrowthrate betweenreturned to more pronounced growthin 2024. This forecast2010 and 2020. The fast-growing markets of Asia accounted for thealobal gas demand to reach new all-time highs in 2024 andmajority of this growth.First estimates indicate thatgrowth in natura2025.Hovever. the alobal gas balance remalins fragile as linitedgasdem...
