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    Challenges and opportunities to the Global gas markets [GGP]

Summary

Global gas demand is expected to fall by 3% this year – its largest drop on record.

by: International Energy Agency (IEA)

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Challenges and opportunities to the Global gas markets [GGP]

Faced with this historic fall, gas producers and exporters have had to provide flexibility to adjust supply, and LNG was one of the key enablers of this adjustment. 

Yet in this extraordinary context, LNG contracting activity has collapsed in the first nine months of 2020, and about one-third of active contracts are due to in the next five years. These trends create an unprecedented challenge and opportunity for market participants. 

The latest edition of the IEA’s Global Gas Security Review offers a detailed analysis of recent LNG contracting developments and assesses the role of flexibility in gas supply adjustment during the Covid-19 crisis.

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