Time series availability varies with each data series - excel files show end user price data availability by country and by product. Statistics: Release of Monthly statistics Oil, Natural Gas and Prices. 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. This includes Japan, the world’s largest importer of gas, which saw its demand drop by 5 per cent in the first five months of 2020,The IEA report showed that the United States has now joined Australian and Qatar as one of the top 3 suppliers of gas to an international export market, after boosting its export capabilities.Despite this, the IEA said that major gas companies were winding back investment in new gas capacity, as a way to cut costs and to avoid further exacerbating an already oversupplied global gas market.The executive director of the IEA, Dr Fatih Birol, said that the impacts of the Covid-19 related economic disruptions will be felt for some time and that the sector should not expect a quick recovery.“Global gas demand is expected to gradually recover in the next two years, but this does not mean it will quickly go back to business as usual,” Dr Birol said. Natural gas is the fastest growing fossil fuel, accounting today for 23% of global primary energy demand and nearly a quarter of electricity generation. Russia, Iraq, Iran, Algeria and the United States were responsible for more than half of global flaring. For …
13.9MB Highest gas prices in Sweden, Spain and the Netherlands. “The IEA forecasts that global LNG trade will increase 21 per cent on 2019 levels by 2025, driven by emerging Asian markets including China and India.”UK developer takes write-down after another storm hits Oakey 2 solar farmIndia awards world's largest solar contract to Adani Green EnergyMichael Mazengarb is a journalist with RenewEconomy, based in Sydney.
Also included are full notes on sources and methods and a description of price mechanisms in each country. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Natural gas had a remarkable year in 2018, with a 4.6% increase in consumption accounting for nearly half of the increase in global energy demand. Data are updated early in the months of January, April, July and October with data up to quarter-1 or … All rights reserved. The IEA, in its monthly oil market report released Thursday, deepened its forecast for a contraction in global demand for 2020. The SDS relies on a rapid reduction in flaring, with government policies and industry commitment all but eliminating it by 2025. Statistics for the World include data on production, total imports and exports and gross inland consumption. Although a rebound is expected in 2021, the IEA report does not assume a rapid return to the pre-crisis trajectory,” the IEA said.With additional gas supplies expected to come online across North America, Russia and Africa, as well as any new investments made in Australia, the international gas market faces a significant risk of oversupply and low prices.Gas prices across all regions have fallen over the last year, with Asian spot prices falling 44 per cent in 2019, European prices fell 45 per cent, while oil-linked prices in Japan and South Korea remained comparatively stable, falling 2.6 per cent in 2019.However, these prices were smashed in the first few months of 2020, after oil prices crashed due to the combined effects of Covid-19 cuts to energy use and a Russian led price war in international oil and gas markets.Additionally, demand for gas in each of these markets, which make up some of Australia’s largest gas customers, have fallen month-on-month since the start of 2020. Press release — 10 June 2020 The Covid-19 crisis is causing the biggest fall in global energy investment in history. Time series availability varies with each data series - excel files show end user price data availability by country and by product. IEA says global gas market is in meltdown due to Covid-19 and collapsing demand and prices, putting idea of “gas-led” recovery in doubt.
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