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Global natgas demand set for slower growth to 2026, IEA says
Global natural gas demand is expected to experience slower growth to 2026 after peaking in mature markets such as Europe and North America in 2021, a report by the International Energy Agency (IEA) said on Tuesday. The IEA's annual medium-term gas market outlook said global gas demand was on course to increase by an average of 1.6 per cent a year from 2022 to 2026, more slowly than the average annual rise of 2.5 per cent between 2017 and 2021. Russia's invasion of Ukraine last year resulted in lower supplies of pipeline gas to Europe from Russia, prompting a race for alternative energy supplies.