Back to today’s briefing

Story perspectives

Global Gas Demand Surges Amid Extreme Heatwaves

9/24/2025

50 10 Full Breakdown

Summary

Story summary

Global natural gas demand rose to 4,122 bcm in 2024, driven by extreme heatwaves.
The International Gas Union (IGU) reports 1.9% demand growth; output at 4,090 bcm.
LNG trade rose 11th year; European imports up 23.6% while Asian demand fell.
IGU urges biomethane and carbon capture and storage (CCS) to cut gas’s carbon intensity; Gulf Coast methanol supply is tight.

History

Historical Context

The 1973 Oil Crisis triggered a global shift in energy policy, leading nations to diversify their energy sources. By 2024, natural gas demand is projected to reach 4,122 bcm, reflecting a 1.9% increase. This surge is driven by climate challenges, particularly in Europe, where imports rose by 23.6%, highlighting the urgent need for biomethane and carbon capture technologies to address environmental impacts.

1 of 2

Story summary

Global natural gas demand rose to 4,122 bcm in 2024, driven by extreme heatwaves.
The International Gas Union (IGU) reports 1.9% demand growth; output at 4,090 bcm.
LNG trade rose 11th year; European imports up 23.6% while Asian demand fell.
IGU urges biomethane and carbon capture and storage (CCS) to cut gas’s carbon intensity; Gulf Coast methanol supply is tight.

1 / 2