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IEA cuts growth forecast for global natural gas demand

: Thursday, June 12 - 2014 @ 00:42

The International Energy Agency (IEA) has said the global demand on natural gas will increase at a slower rate than previously expected through 2019, amid weaker economic growth and competition from coal and renewables, Bloomberg has reported. Gas use will climb by 2.2% annually through 2019 from 2013 after last year posting the slowest growth among fossil fuels, Paris-based IEA said in its medium-term gas market report. “Slower economic growth, the ever-strong competition from both coal and renewable energies, together with high gas prices, are all slowing down the growth of natural gas across all sectors,” it said.

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Thursday, June 12- 2014 @ 0:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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