CEDIGAZ First Estimates 2025

After enduring a prolonged and unprecedented series of shocks, the global natural gas demand resumed its steady growth trajectory

In 2024, global natural gas demand was estimated to have recorded a strong 2.9% growth, to stand at a new record of 4166 bcm, representing an annual incremental volume of 118 bcm. By way of comparison, growth over the pre-crisis period 2010-2019 stood at 2.4 %/year. This rebound was partly due to structural growth factors, which are expected to persist in the long term, including energy policies in favour of the expansion of gas, the booming Asian gas market, the growing role of gas as a dispatchable electricity source supporting intermittent renewables, increased use of LNG for transportation and more sudden and extreme climatic events which reinforced the crucial role of gas-fired power generation for peak load. On the supply side, global marketed natural gas production increased more moderately by 1.7% to 4159 bcm, driven predominantly by Russia, China and Norway. Despite tight LNG supplies, demand continued to grow robustly as major consumer markets tapped into their abundant stocks during periods of market tensions to ensure gas supply security and flexibility. In this context, European and Asian spot prices softened from the previous year but remained elevated. High price volatility reflected unforeseen events on both the supply and demand sides, including geopolitical tensions and extreme weather events.

GLOBAL BIOMETHANE MARKET 2025 ASSESSMENT

Accelerated Growth, Broadening Applications, and Transformation

CEDIGAZ’s annual report “Global Biomethane Market – 2025 Assessment” is now available, providing a comprehensive analysis of a rapidly evolving sector. The report details significant growth, with global renewable natural gas (RNG) production reaching 9.25 bcm in 2023 and forecasted to approach 12 bcm in 2024. Europe and North America remain the leading regions, while emerging markets such as Brazil, China, and India show promising momentum.

GLOBAL HYDROGEN MARKET – 2025 ASSESSMENT

Recent trends and prospects

CEDIGAZ has recently published its annual survey on the global hydrogen market along with comprehensive databases on low-emission hydrogen production projects worldwide. The report tracks recent policy and market developments of the global low-emission hydrogen sector. It also focuses on project development and medium-term supply prospects.

The hydrogen industry is at a pivotal stage, with significant progress made in investments, policy support, and project development. However, the market remains in its infancy, with substantial challenges in cost, infrastructure, and demand uptake. The next five years will be critical for scaling hydrogen production and establishing a global market. Stronger policies, international collaboration, and technological advancements are essential to unlock hydrogen’s full potential as a cornerstone of the energy transition.