Gas Markets, Net-Zero Emissions Path

Natural gas markets started off the year with a strong rebound, supported by a combination of recovering economic activity in most markets along with a series of weather-related events. Rising demand in 2021 is expected to offset the 2020 decline and even grow further with an expected 3.6% annual increase. This slower growth may however still be too high to match a net-zero emissions path, which requires higher substitution rates and efficiency gains especially in mature markets, where most of the switching potential from coal and oil to gas has already been realised.

The IAI organized the webinar "Gas Markets in 2021 and medium term Forecasts" that took place on July 5, 2021 at 9.30am. The introduction was held by Luca Franza (Scientific Advisor, Energy, Climate and Resources Programme, IAI), while Jean-Baptiste Dubreuil (Senior Natural Gas Analyst, IEA) and Gergely Molnar (Gas Analyst, IEA) presented the findings of the IEA Gas Quarterly Report. The event was moderated by Coby van der Linde (Director, CIEP).