2020 is on its way to experiencing the largest recorded demand shock in the history of global natural gas markets. The COVID-19 pandemic hit an already declining gas demand, faced with historically mild temperatures over the first months of the year.
Gas consumption is expected to fall by 4 per cent in 2020, under the successive impacts of lower heating demand from the warm winter, the implementation of lockdown measures in almost all countries and territories to slow the spread of the virus and a lower level of activity caused by the COVID-19 induced macroeconomic crisis.
The Gas 2020 report provides a detailed analysis of recent natural gas market developments, assesses the impact of the COVID-19 crisis on the short to medium terms and discusses the main drivers and uncertainties to future gas supply and demand to 2025.
Read the full report here.