IEA: Global gas demand set to fall 0.5 per cent in 2026

Michael Holder
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Impacts of Iran War continue to weigh heavily on global fossil gas and LNG market, amid continued uncertainty surrounding supplies passing through the Strait of Hormuz

Global fossil gas demand is expected to drop 0.5 per cent this year, primarily driven by lower use for power generation and industrial activities, as the impacts of the Iran War on gas supplies and prices...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'New chapter': Energy security concerns to drive 4,800GW increase in renewables capacity by 2035

'New chapter': Energy security concerns to drive 4,800GW increase in renewables capacity by 2035

Energy shocks from Hormuz crisis and Iran war see renewables capacity additions in developing nations outside China rise to match advanced economies for the first time

Stuart Stone
clock 06 November 2026 • 3 min read

Government urged to adopt 2035 electrification target to help drive down energy bills

UK accused of 'lagging behind' neighbours on adoption of heat pumps, solar, batteries, and other clean technologies that can help reduce reliance on expensive fossil fuels

Michael Holder
clock 06 November 2026 • 6 min read
'Hope is not a strategy': One in five oil refineries at risk of closing within 10 years, study claims

'Hope is not a strategy': One in five oil refineries at risk of closing within 10 years, study claims

Analysis from Wood Mackenzie assess the future for oil refineries as electrification gathers pace across the global economy

clock 05 November 2026 • 4 min read