International Energy Agency – Gas Market Report, Q3 2025
The main theme of the report is the short-term forecast of the global natural gas market for 2025 and 2026.
Key findings include: After significant growth in 2024, global gas demand increased at a slower pace in the first half of 2025. Macroeconomic uncertainty, limited supply, and relatively high prices negatively impacted natural gas consumption, particularly in price-sensitive markets in Asia, such as China and India, where demand declined. LNG imports to Europe are expected to reach record highs in 2025, while LNG imports to China are forecasted to be lower due to weak demand and competition with Europe. Geopolitical tensions continue to cause price volatility and uncertainties in forecasts. Global LNG supply growth is expected to accelerate in 2026, mainly driven by the US, Canada, and Qatar.
