# Global demand for natural gas expected to contract this year as tighter supply pushes up prices - IEA

> The IEA's Q3 Gas Market Report forecasts global natural gas demand will fall 0.5% this year, mainly from lower use in power and industry. Tighter supply and high prices from the Middle East war are the main drivers, partly offset by LNG from other regions. Traffic through the Strait of Hormuz has recovered since mid-June but remains well below pre-conflict levels.

- Date: 2026-07-07 · published 2026-07-07T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18538-global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower demand is being outweighed by constrained LNG supply, which keeps gas and fertilizer-linked input costs elevated for feed producers. Uncertainty over Hormuz flows keeps upside price risk in place.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-12-30 | [Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap](https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap.md) | +20.6% | +7.4% |
| NATGAS | 2022-10-03 | [Natural gas markets expected to remain tight into 2023 as Russia further reduces supplies to Europe - IEA](https://feedsoft.ai/events/39300-natural-gas-markets-expected-to-remain-tight-into-2023-as-russia-further.md) | -1.3% | -18.8% |
| NATGAS | 2026-04-24 | [IEA says Iran war will keep the global natural gas market tight for two years - CBS News](https://feedsoft.ai/events/19909-iea-says-iran-war-will-keep-the-global-natural-gas-market-tight-for-two-years.md) | +2.7% | +17.0% |
| NATGAS | 2021-11-23 | [Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong -- LNG Recap](https://feedsoft.ai/events/44230-supply-outages-weather-forecasts-keep-global-natural-gas-prices-strong-lng-recap.md) | -5.5% | -18.6% |
| NATGAS | 2022-03-01 | [Europe's gas supply concerns, high prices put New England forward market at risk \| S&P Global](https://feedsoft.ai/events/42450-europe-s-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk.md) | +10.2% | +24.4% |

## Sources

- iea.org: https://www.iea.org/news/global-demand-for-natural-gas-expected-to-contract-this-year-as-tighter-supply-pushes-up-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.