GasMarketReport,Q1-2025TheIEAexaminesthefullspectrumofenergyissuesincludingoil,gasandcoalsupplyanddemand,renewableenergytechnologies,electricitymarkets,energyefficiency,accesstoenergy,demandsidemanagementandmuchmore.Throughitswork,theIEAadvocatespoliciesthatwillenhancethereliability,affordabilityandsustainabilityofenergyinits32Membercountries,13Associationcountriesandbeyond.Thispublicationandanymapincludedhereinarewithoutprejudicetothestatusoforsovereigntyoveranyterritory,tothedelimitationofinternationalfrontiersandboundariesandtothenameofanyterritory,cityorarea.Source:IEA.InternationalEnergyAgencyWebsite:www.iea.orgIEAMembercountries:AustraliaAustriaBelgiumCanadaCzechRepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIrelandItalyJapanKoreaLatviaLithuaniaLuxembourgMexicoNetherlandsNewZealandNorwayPolandPortugalSlovakRepublicINTERNATIONALENERGYAGENCYSpainSwedenSwitzerlandRepublicofTürkiyeUnitedKingdomUnitedStatesTheEuropeanCommissionalsoparticipatesintheworkoftheIEAIEAAssociationcountries:ArgentinaBrazilChinaEgyptIndiaIndonesiaKenyaMoroccoSenegalSingaporeSouthAfricaThailandUkraineRevisedversion,January2025Informationnoticefoundat:www.iea.org/correctionsGasMarketReport,Q1-2025PAGE|3AbstractIEA.CCBY4.0.AbstractGlobalconsumptionofnaturalgasreturnedtostructuralgrowthin2024,reachinganall-timehigh.Gasdemandisexpectedtoincreasefurtherin2025,primarilysupportedbyfast-growingAsianmarkets.Atthesametime,theglobalgasbalanceremainsfragile,withthesupplysideremainingtightandgeopoliticaltensionscontinuingtofuelpricevolatility.WhilethehaltofRussianpipedgastransitviaUkraineon1January2025shouldnotposeanimminentsupplysecurityriskfortheEuropeanUnion,itcouldincreasetheEU’sLNGimportrequirementsandtightenmarketfundamentalsthisyear.ThiseditionofthequarterlyGasMarketReportbytheInternationalEnergyAgency(IEA)providesathoroughreviewofmarketdevelopmentsin2024andanoutlookfor2025.AspartoftheIEA’sLow-EmissionsGasesWorkProgramme,thereportincludesasectiondedicatedtopolicyandmarketdevelopmentsrelatedtobiomethane,low-emissionshydrogenande-methane.Thecurrentgasmarketcontexthighlightstheneedforresponsibleproducersandconsumerstoworktogethertoreinforcethearchitectureforsecureglobalgassupplies.Tosupportthis,theIEAestablishedinlate2024apermanentWorkingPartyonNaturalGasandSustainableGasesSecurity(GWP),buildingontheAgency’slongstandinggassecurityactivities,includingtheworkoftheTaskForceonGasandCleanFuelsMarketMonitoringandSupplySecurity.GasMarketReport,Q1-2025PAGE|4IEA.CCBY4.0.TableofcontentsTableofcontentsExecutivesummary........................................................................................................................5Keygaspoliciesandmarkettrendsin2024................................................................................10Gasmarketupdate.......................................................................................................................27Low-emissionsgases...................................................................................................................64Annex...........................................................................................................................................77GasMarketReport,Q1-2025PAGE|5IEA.CCBY4.0.ExecutivesummaryExecutivesummaryGasMarketReport,Q1-2025PAGE|6IEA.CCBY4.0.ExecutivesummaryGlobalgasdemandr...
