# IEA nudges up 2020 gas demand forecast, but still sees record fall - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> The IEA raised its 2020 global gas demand forecast slightly, now expecting a 3% year-on-year drop of 120 bcm, still the largest fall on record. It sees demand rebounding about 3% in 2021, while global LNG exports plunged 17% from January to July.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/50811-iea-nudges-up-2020-gas-demand-forecast-but-still-sees-record-fall-energy-news
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Slightly better 2020 demand and a 2021 rebound support gas prices modestly, which keeps energy and nitrogen fertilizer costs firmer. Effects on grain and feed prices are indirect.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-06-01 | [EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record](https://feedsoft.ai/events/30462-eia-maintains-2024-natural-gas-price-forecast-sees-modest-production-decline.md) | +24.9% | +9.1% |
| NATGAS | 2021-05-11 | [EIA’s Natural Gas Price Forecast Ticks Up to $3.05 on Exports, U.S. Demand](https://feedsoft.ai/events/47267-eia-s-natural-gas-price-forecast-ticks-up-to-3-05-on-exports-u-s-demand.md) | +4.0% | +6.4% |
| NATGAS | 2025-11-26 | [As Storage Draws Down and Demand Mounts, January Natural Gas Futures Debut in Bullish Form](https://feedsoft.ai/events/22131-as-storage-draws-down-and-demand-mounts-january-natural-gas-futures-debut-in.md) | +15.4% | -12.2% |
| NATGAS | 2016-11-09 | [US natural gas output set for first decline since 2005 and LNG will add to Henry Hub price rises](https://feedsoft.ai/events/74030-us-natural-gas-output-set-for-first-decline-since-2005-and-lng-will-add-to.md) | +4.6% | +48.7% |
| NATGAS | 2025-02-12 | [EIA’s natural gas price forecast climbs 21% - E&E News by POLITICO](https://feedsoft.ai/events/26216-eia-s-natural-gas-price-forecast-climbs-21-e-and-e-news-by-politico.md) | +54.4% | +15.3% |

## Sources

- energynow.com: https://energynow.com/2020/10/iea-nudges-up-2020-gas-demand-forecast-but-still-sees-record-fall/

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