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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
Global gas consumption is set to reach a record high of 4200bcm this year after growing by an estimated 3% yoy in the first half of 2024, according to IEA analyst Greg Molnar.
- Natural gas markets are back on a clear expansion trajectory after the gas supply crisis of 2022 and the gradual rebalancing in 2023.
- Asia accounts for over 60% of the recovery in global gas demand. China and India both showed double-digit growth rates, up by 10% yoy in H1 2024.
- Colder weather boosted gas demand in Eurasia, up by nearly 5% yoy, while North America gas demand grew by almost 2% yoy amid record high gas burn in the power sector.
- European gas consumption however continued to decline, primarily due to collapsing gas-to-power demand (down by almost 20%) with the rapid expansion of renewables.
- The industrial sector accounted for nearly two-thirds of growth in H1 2024 partly still supported by recovery from the 2022 gas crisis.
Source: IEA
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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