Story perspectives

Global Gas Demand to Peak by 2026, Says IEA

7/23/2025

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Summary

Story summary

The International Energy Agency predicts global natural gas demand will peak in 2026, fueled by a 7% rise in LNG supply from the U.S., Canada, and Qatar.
Demand growth will slow to 1.3% in 2025, particularly in Europe and North America, while Asia experiences declines.
ONEOK, Inc. reported strong Q1 2025 earnings due to strategic acquisitions and a focus on natural gas liquids.
Baker Hughes sees significant revenue growth in its gas infrastructure segment, benefiting from rising gas demand.
India is boosting LNG imports from the U.S. to diversify energy sources and enhance energy security.

History

Historical Context

The U.S. Natural Gas Policy Act of 2000 aimed to deregulate the gas market, resulting in a production surge that reached 93 billion cubic feet per day by 2021. This shift significantly influenced global energy dynamics, prompting the International Energy Agency to predict a peak in natural gas demand by 2026, highlighting the need for diversified energy sources, as seen with India's increased LNG imports from the U.S.

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Story summary

The International Energy Agency predicts global natural gas demand will peak in 2026, fueled by a 7% rise in LNG supply from the U.S., Canada, and Qatar.
Demand growth will slow to 1.3% in 2025, particularly in Europe and North America, while Asia experiences declines.
ONEOK, Inc. reported strong Q1 2025 earnings due to strategic acquisitions and a focus on natural gas liquids.
Baker Hughes sees significant revenue growth in its gas infrastructure segment, benefiting from rising gas demand.
India is boosting LNG imports from the U.S. to diversify energy sources and enhance energy security.

1 / 2