2025年第一季度天然气市场报告_84页_6mb

International Energy Agency (IEA) members, along with numerous partners and stakeholders, analyze the global energy landscape to ensure energy security, affordability, and sustainability. The Global Gas Market Report Q1-2025 highlights several key trends. Global natural gas demand reached a new high in 2024, returning to structural growth driven by the Asia-Pacific region, China, and India, though demand growth slowed in 2025 due to tightening market conditions.

Europe’s energy security is affected by the halt of Russian piped gas transit via Ukraine, which could increase the EU's reliance on LNG. Gas supply chain resilience remains fragile due to limited production capacity and geopolitical tensions. The United States and Canada showed mixed results, with domestic production surging in 2024 but facing cuts in 2025 due to spending reductions. The Middle East's gas production growth slowed amid projects delays, while Africa diversified exports despite infrastructure challenges.

Asian markets drove global LNG demand and price volatility, with inventories remaining tight. Nordic and regional storage levels improved compared to 2023, providing a buffer. Price forecasts indicated European hub prices may approach Asian spot LNG levels in 2025, stressing the need for increased market flexibility.

Key policy developments include the expansion of the Low-Emissions Gases Work Programme, increased promotion of biomethane through targets and incentives, and the implementation of subsidies for green hydrogen projects. Bio-LNG continued rapid growth in the US and Europe, supported by policies like the RFS and LCFS.

In summary, the IEA emphasizes the necessity of international cooperation, strategic investment in storage and infrastructure, and responsible production-consumption partnerships to secure global gas supplies amidst economic shifts and sustainability pressures.