IEA cuts gas demand forecast, supply glut to persist through 2018

Wednesday, 06 July 2016

An oversupply in global gas markets is here to stay until the end of the decade, as the LNG glut is unlikely to be soaked up by utility buyers. IEA Executive Director Fatih Birol explained that cheaper coal and continued strong renewables growth were blocking gas from expanding more rapidly in the power sector.


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