IEA (2021), Gas Market Report, Q1-2021, IEA, Paris https://www.iea.org/reports/gas-market-report-q1-2021
In this report
2021 opens with price rallies in Asia and Europe as rising winter demand tightened supply, but the price spikes are not expected to last beyond the short-term cold snaps given that market fundamentals for 2021 remain fragile. Global gas demand is expected to recover its 2019 level but with uncertainties regarding the recovery trajectory of fast-growing markets compared with more mature regions. Sectoral demand, on the other hand, is subject to a variety of risk factors including fuel switching, slow industrial rebound or milder weather.
This new quarterly report offers a detailed analysis of recent developments in global gas markets and the near-term outlook, and includes an overview of the main market highlights for 2020.