leaGas Market Report,Q1-2025
INTERNATIONALENERGYAGENCYTheIEAexaminesthe Ullspedtum of energeyIEAMembercountries:SpainAustraliaSwedendemand, renewable anergy echnologies,electidaymakes,energyeficienogy,acestoAustriaSwitzerlandnanagementandmuchBelgiumRepublicofTurkiyemore.Throughitswork,theIEAadvocalesCanadaUnitedKingdompolicies that willenhancel hereliability,aifordabity andsus anahiy f enegy inits 32CzechRepublicUnited StatesMemtber countries, 13Association counties andDenmarKbeyandEstoniaTheEuropeanCommissionFinlandalsoparticipates in the workFranceof the IEAGermanyThis publication and any mapincluded herein areGreeceato thestatusoforsovereigntyIEAAssociationcountries:adelimitationofHungaryover any territory, to theinternational frontiers and boundaries and to theIrelandArgentinaname of any teritary,cily or area.ItalvBrazilJapanChinaKoreaEgyptLatviaIndiaLithuaniaIndonesiaLuxembourgKenyaRevisedversion,JanuaryMexicoMorocco2025NetherlandsSenegalInformafionnoticefoundatWww.iea.org/correctionsNewZealandSingaporeNorwaySouth AfricaSource:IEA.InternatfionalEnergyAgencyPolandThailandWebsite:WWW.iea.orgPortugalUkraineSlovakRepubliclea
GasMarketReport,Q12025AbstractAbstractGlobalconsumotion ofnaturalaas returned to stnuctural arowdth in2024 reachina an all-ime high. Gas demand is expected t increasefurther in 2025, primarily supportedby fast-growing Asianmarkets. A1the same fime,the global gas balance remains fragile, with thesunolyside remaininatiaht and aeoolticaltensions continuina tofuelonicevolatilitvy.WhilethehaltofRussianoipedaas transitvia Ukraine on 1 January 2025should not pose an imminent supplysecurityriskfortheEuropeanUnion,.itcouldincreasetheEU'sINGdevelopmentsin2024 andanoutlookfor2025.AsoartoftheIFA'sLow-EmissionsGasesWorkProaramme,the report includes abiomethane. Iaw-emissions hydroaen and e-methane.The current aasmarket context highliahts the need for responsibleproducersandconsumerstoworktoaethertoreinforce thearchitecture forsecurealobal aas suooliesTosunoortthistheIFAestablshed in late 2024 a permanent Working Party onNatural GasandSustainableGasesSecurity(GWP),buildingontheAaency'slongstandinggassecurity actitles, includina the workofthe TaslForceonGas andCleanFuelsMarketMonitoringandSupplySecurity.DYA000YIIPAGE13
GasMarketReport,Q12025TableofcontentsTableofcontentsExecutive summary.Kevaaspolicies and market trends in 2024..10Gas market update.-64Annex.DY人000YIIPAGE|4
ExecutivesummaryGasMarketReport,Q1-2025Executive summaryDYA000YIIPAGE|6
GasMarketReport,Q12025ExecutivesummaryGlobal aas demand reached a new all-time high in 2024. with the balance remaining fragileFollowingthesupplyshock of2022/23, naturalgasmarketsmovedweretheprimarvdrivers behind alobal trends and met almost45%towards a gradual rebalancing and retumed to structural growth lastindustrial gas demand, although it remained well below pre-crisisand is expected to expand further in 2025, primarly supported bylevelssome ast-growingmarkets inAsla.Meanwhile,the global gasNatural gas continues to displace olland oll products inmarketbalanceremains fraglle.Below-average growth inand market d...
