LNG tanker near Kochi, India
Gas growth cools in 2025
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
Global gas demand growth slowed in 2025 as consumption in the Asia-Pacific region saw only a modest rise amid high prices, according to the latest annual report of the Gas Exporting Countries Forum (GECF). The US-Iran war is also expected to curb demand this year. Consumption rose by 1.2%, to a record 4.22tcm, last year versus 2.5% growth in 2024, the GECF said. Output growth matched the rise in demand, reaching 4.23tcm. Most global demand growth came from the power sector, especially in markets that had to compensate for weaker hydro and wind output or which faced increased cooling needs. The result for industrial demand was more mixed depending on the region. “Gas markets demonstrate
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