Gas Demand Set for First Drop Since 2022 on Iran War, IEA Says

Global gas demand is expected to decline in 2024, marking the first annual drop since 2022, according to the International Energy Agency. The IEA attributed the decline to higher prices resulting from escalating tensions between Iran and Israel. The agency cited reduced consumption driven by elevated energy costs across multiple regions. The IEA forecast does not account for potential further disruptions to supply.

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