The energy crisis triggered by Russia’s invasion of Ukraine marked a turning point for global natural gas markets. Growth in global gas demand is set to slow down significantly over the medium term (2022-2026). This follows a decade of strong expansion in which gas contributed around 40% of the growth in primary energy supply worldwide. While market tensions eased in the first three quarters of 2023, gas supplies remain relatively tight and prices continue to experience strong volatility, reflecting a fragile balance in global gas markets. High storage levels in the European Union allow for cautious optimism ahead of ... (full story)