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Global gas demand set for stronger growth in 2024 despite heightened geopolitical uncertainty
Growth in global gas demand is set to pick up this year due to colder winter temperatures and easing prices, with emerging economies leading the increase in consumption, but geopolitical risks and supply-side concerns could trigger renewed price volatility, according to the IEA’s latest Gas Market Report. In 2023, global gas demand rose by just 0.5%, as growth in China, North America and gas-rich countries in Africa and the Middle East was partially offset by declines in other regions. As pandemic restrictions loosened and economic activity returned, China regained its position as the world’s largest LNG importer ... (full story)