IEA – Gas Market Report, Q1 2026

The report examines global natural gas markets, focusing on supply, demand, and market dynamics.

In 2025, global LNG supply returned to double-digit growth, driven by new LNG liquefaction projects in the United States, Canada, and Africa. This growth is easing market fundamentals and contributing to a more secure and resilient global gas market. LNG supply growth is expected to accelerate further in 2026, supporting increased natural gas demand, which is projected to reach a new all-time high. Despite reduced market tightness, geopolitical tensions and weather impacts may still cause price volatility. The report emphasizes the importance of close international cooperation between producers and consumers to secure global gas supplies and reviews key policies and market reforms in 2025, especially in fast-growing Asian markets.