# IEA Forecasts Lagging LNG Demand, Further Global Natural Gas Price Slides Through 2024

> The IEA forecast weak global gas demand growth for the second half of 2024, with LNG export capacity rising only about 3%. It expects the Dutch TTF to average about 20% below last year's level and Henry Hub to average about $2.40 for 2024.

- Date: 2024-07-18 · published 2024-07-18T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29454-iea-forecasts-lagging-lng-demand-further-global-natural-gas-price-slides
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower forecast LNG and gas prices ease energy and fertiliser input costs over the rest of 2024. The outlook points to softer nitrogen costs for feed grain production.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-01-23 | [Growth in global demand for natural gas is set to accelerate in 2026 as LNG wave spreads through markets - IEA](https://feedsoft.ai/events/21226-growth-in-global-demand-for-natural-gas-is-set-to-accelerate-in-2026-as-lng.md) | -2.8% | -52.5% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2025-07-22 | [Global natural gas demand growth set to accelerate in 2026 as more LNG supply comes to market - IEA](https://feedsoft.ai/events/23961-global-natural-gas-demand-growth-set-to-accelerate-in-2026-as-more-lng-supply.md) | -10.5% | -14.3% |
| NATGAS | 2025-06-17 | [Natural gas markets: Price swings amid a shifting global landscape](https://feedsoft.ai/events/24408-natural-gas-markets-price-swings-amid-a-shifting-global-landscape.md) | +3.6% | +3.6% |
| NATGAS | 2023-03-09 | [EIA Further Slashes Henry Hub Natural Gas Forecast After Record-Warmth in January, February](https://feedsoft.ai/events/37038-eia-further-slashes-henry-hub-natural-gas-forecast-after-record-warmth-in.md) | -3.2% | -14.4% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/iea-forecasts-lagging-lng-demand-further-global-natural-gas-price-slides-through-2024/

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