Natural gas is an important energy source – even during times of crisis
The World Energy Outlook (WEO) is the flagship publication of the International Energy Agency (IEA) and provides a comprehensive overview of how the global energy system could develop in the coming decades. The current issue of the WEO primarily examines the effects of the Covid-19 pandemic on energy markets. Overall, a five percent decline in global energy demand was forecast for 2020. At just three per cent, however, the anticipated drop in demand for natural gas is significantly less compared to other energy sources such as oil (minus eight per cent) and coal (minus seven per cent). A rise in natural gas demand of nearly three per cent is expected in 2021. By 2030, the IEA anticipates an increase of 14 per cent in global demand for natural gas.
A full summary of the WEO 2020 can be found here:
World Energy Outlook (WEO) 2020 (PDF)
