Home / World News / Global natural gas demand set for biggest fall on record, says report

Global natural gas demand set for biggest fall on record, says report

Consumption is set to slump by 4% this year, or twice the amount lost after the 2008 financial crisis, according to the International Energy Agency's Gas 2020 report.

As emphasised in the 2020 Budget speech, about 27,000 km of national gas grid pipeline would be completed in the coming years connecting Kutch to Kohima and Kashmir to Kanniyakumari

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Global demand is expected to rise by just 1.5% annually to 2025, compared with a previous forecast of 1.8%.

1 min read Last Updated : Jun 10 2020 | 11:44 PM IST

The global natural gas market is poised for the biggest-ever drop in demand as a result of the Coronavirus crisis, an event that’s likely to hamper the industry’s growth for years to come.

Consumption is set to slump by 4% this year, or twice the amount lost after the 2008 financial crisis, according to the International Energy Agency’s Gas 2020 report. Global demand is expected to rise by just 1.5% annually to 2025, compared with a previous forecast of 1.8%.

ALSO READ: Indian Oil cranks up refinery runs to over 80% as demand doubles in May

“The record decline

Topics : Coronavirus Lockdown natural gas International Energy Agency Global economy Indian Economy

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