IEA | Quarterly Gas Report
As noted in IEA’s quarterly gas report, global gas markets face unprecedented volatility, with Asian spot
LNG prices rising from historical lows of below USD 2/MBtu through the summer 2020 to reach record
highs of over USD 30/MBtu by mid-January.
Global gas markets experienced their largest recorded drop in 2020, with an estimated 2.5% y-o-y decrease
in consumption (or about 100 bcm). The drop was triggered by the combination of an exceptionally mild