Asia's Gas Demand Softens Amid High Prices and Fuel Switching to Coal

IEA (International Energy Agency) · Jul 07, 2026 00:00

Global natural gas demand is expected to decline by 0.5% in 2026, with demand softening in Asia due to elevated prices and policy measures encouraging fuel switching, particularly to coal in the power sector. This trend is observed despite efforts by Asian nations to diversify energy supplies and build strategic reserves.