Natural Gas Growth to Slow as European Demand Falters, IEA Says
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Natural gas demand for power generation will slow in the next five years as European consumption falters and Africa and the Middle East struggle to boost production, according to the International Energy Agency.
Global consumption of the fuel will rise by 2.4 percent a year until 2018, down from last year’s forecast for 2.7 percent annual growth, the Paris-based agency said in its medium-term gas market report published today.