World Gas Use to Hit Record in 2025 Amid Fight for LNG, IEA Says
- Europe likely to require more LNG imports next year: report
- IEA sees gas consumption in Europe dropping slightly this year
This article is for subscribers only.
Global demand for natural gas will hit an all-time high next year as competition for seaborne fuel intensifies between Asia and Europe, according to the International Energy Agency.
After a drop in imports this year, Europe will need more liquefied natural gas in 2025, tightening both the market and price spreads with Asia, the Paris-based agency said in a market report Thursday.