Natural gas demand in the world saw its largest drop on record last year as COVID-19 reduced economic activity and upended all previous forecasts for continuous growth in global gas consumption. Even if it was the largest decline on record, natural gas demand still fell less than demand for other fuels, most notably oil. Gas demand dropped by 2.5 percent in 2020 compared to 2019, for the first significant setback in consumption since the 2008-2009 financial crisis. Gas Demand To Recover Quicker Than Oil But unlike oil, gas consumption is set to recoup this year all the losses from 2020, as it will grow by 2.8 percent year over year and return to the levels from before the pandemic, the International Energy Agency (IEA) said in its new Q1 quarterly report with forecasts for the near term. In comparison, the same agency’s latest estimates point to global oil demand […]