LONDON—Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy saving measures and high prices, the International Energy Agency (IEA) said on Monday.
Natural gas markets worldwide have been tightening since 2021 and global gas consumption is expected to decline by 0.8 percent this year as result of a record 10 percent contraction in Europe and flat demand in the Asia Pacific region, the IEA said in its quarterly gas market report.
