HIGHLIGHTS

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Gas demand in 2021 is expected to rise by 3.6 percent as global economies recover following a record fall in 2020 due to restrictions to limit the spread of the novel coronavirus.

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From 2022-2024 demand growth is expected to average 1.7 percent per year, meaning gas demand would be too high to keep to the IEA’s roadmap toward meeting global net-zero emissions by 2050.

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Global gas prices have soared to multi-year highs over the past month, with high temperatures driving demand for power generation for air conditioning and to boost stocks.