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Trade War, Geopolitical Tensions Expected to Curb Global Natural Gas Consumption in 2025

Natural Gas Intelligence · last updated

Global natural gas demand is expected to fall this year amid a tight market and increasing macroeconomic uncertainties, according to the International Energy Agency (IEA).

A chart showing year/year natural gas demand growth by region

Year/year (y/y) demand growth is forecast to slow to 1.5% in 2025, IEA said in its latest quarterly natural gas report. This year’s growth is again expected to be driven by Asia, where consumption is forecast to expand by a little more than 2%, which would be below the region’s 5.5% growth rate in 2024.

Geopolitical tensions, an expanding trade war and tight supply and demand balances are expected to limit demand this year.