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LNG remains the main driver of global gas demand in 2021-2025
In a recent report, the International Energy Agency (IEA) analyses the massive decline in gas demand in 2020. The covid-19 crisis has affected gas consumption mostly due to lower electricity demand in the industrial sector. IEA expects global natural gas demand to recover in 2021-2025, probably led by China and India. Liquefied natural gas (LNG) is expected to remain the main driver behind global gas trade growth.
Impact of covid-19 on gas consumption and LNG imports
According to the IEA Gas 2020 report, global natural gas market is expected to drop by 4% in 2020. This represents a 150 billion cubic metres (bcm) drop, occurring in the aftermath of the coronavir...