The global gas market is expected to experience its “largest demand shock on record” in 2020, the International Energy Agency said June 10, with consumption set to fall 4% on the year as the coronavirus pandemic hits an already weakened market. In its latest annual gas report, the IEA also said that while gas demand was expected to recover gradually in 2021, the medium-term impact of the virus would dent gas demand growth. “As of early June, all major gas markets are experiencing a fall in demand or sluggish growth at best as is the case of China,” the IEA said. The agency said that although lockdown measures are being […]