World demand for natural gas is expected to experience the biggest annual fall in its history, with an estimated 4% decline for the year 2020, twice as much as the fall following the 2008 financial crisis, the International Energy Agency (IEA) said on Wednesday 10 June in its new report on the gas market.
The IEA points to two factors to explain this drop: the Covid-19 pandemic, which led to containment measures and a drop in the level of activity, and the drop in heating demand due to a...