Strategic Vision Rooted in Neutrality and Stability
Energy Security – The Foundation of Sustainable Development
Galkynysh — Symbol of Progress and Cooperation
Diversified Energy Diplomacy
Commitment to Clean Energy and Climate Responsibility
Worldwide gas demand rose 1.9% last year to 4,122 bcm, driven by strong consumption in Asia and North America. Power generation remained the dominant end-use sector, supported by record heatwaves that lifted cooling needs, while industrial and transport demand also strengthened. Supply grew by only 1.6% to 4,090 bcm, keeping the market tight. LNG trade expanded for the 11th consecutive year to 555 bcm as the US, Qatar and Australia held their positions as leading exporters. New suppliers such as Mexico and Congo entered the market despite only modest growth in global liquefaction capacity of 9 bcm and delays at some projects. Shipowners delivered 64 new LNG carriers in 2024, with another 337 vessels under construction by year end. The first half of 2025 showed a sharp regional split. Demand climbed 6.1% in Europe and 1.5% in North America, helped by strong gas-fired power generation and winter heating needs. Europe’s LNG imports jumped 23.6% from a year earlier to replenish storage, while price-sensitive Asian buyers cut spot purchases. China’s LNG imports fell 19.4% in the period, although pipeline deliveries and domestic output remained robust. The IGU expects global demand to grow another 1.7% in 2025.
popular posts