Gas 2020: the IEA presents its new market report
In this event, the IEA will present ‘Gas 2020’, its new market report that analyses current trends and contains an outlook to 2025. After the presentation, participants will have the opportunity to ask questions.
2020 is on its way to experiencing the largest recorded demand shock in the history of global natural gas markets. The Covid-19 pandemic hit an already declining gas demand. Gas consumption is expected to fall by 4% in 2020. Faced with this unprecedented shock, natural gas markets are going through a phase of strong supply and trade adjustments, resulting in historically low spot prices and high volatility. Natural gas demand is expected to progressively recover in 2021, however the Covid-19 crisis will have longer-lasting impacts on natural gas markets, as the main medium-term drivers are subject to high uncertainty. The IEA’s report ‘Gas 2020’ provides a detailed analysis of recent natural gas market developments, assesses the impact of the Covid-19 crisis on the short to medium terms and discusses the main drivers and uncertainties to future gas supply and demand to 2025.