The global natural gas consumption rebounded by 4.6 per cent in 2021, more than double the decline seen in 2020. The strong demand growth in 2021 was driven by the economic recovery that followed the previous year’s lockdowns and by a succession of extreme weather events. Supply did not keep pace which, combined with unexpected outages, led to tight markets and steep price increases, putting the brakes on demand growth in the second half of 2021.

This new issue of the quarterly Gas Market Report includes an overview of the main market highlights for 2021, and an analysis of recent gas market developments with a forecast for 2022.

Gas Market Report Q1-2022