The IEA's Q3-2022 Gas Market Report highlights the impact of Russia's invasion of Ukraine on the natural gas market, exacerbating supply tightness and driving up prices for consumers. This has led to fuel switching and demand destruction, and casts uncertainty on market prospects for natural gas, particularly in developing markets. Natural gas demand is expected to decline in 2022, but will recover in the medium term, with China and India leading the growth. The report also examines the role of natural gas in energy transitions and the potential for renewable gas to play a larger role in the future.
