Gas demand growth is back on track ….and displacing coal and oil

Demand growth in 2024 rebounded, driven by higher consumption in emerging countries and Asia, the IEA says. This is reversal to years of subpar growth post-Covid. Power and industries were the main drivers, as gas displaced oil and coal. Following the supply shock of 2022 and 2023, natural gas markets moved towards a gradual rebalancing and returned to structural growth […]