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Last updateMon, 21 May 2018 1pm

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Outside of U.S., Natural Gas Outlook Diminishing

The mood in the natural gas industry, at least outside the U.S., is not as optimistic as it once was. According to the International Energy Agency (IEA), demand has slowed considerably for most of the period since 2011, from an average of 2.8% per year between 2000 and 2010, to 1.4% per year from 2011-2016; lower prices squeezed revenues; traditional business models have been questioned without anyone being sure what will take their place; and the competitive landscape has become significantly more complex, as the traditional sparring partners for gas – coal and, to a lesser extent, oil – have been joined by the rising forces of renewables and energy efficiency. 

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