IEA Q1 Gas Market Report – Demand Returns, To Pick Up Pace Over CY24: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.The latest report on global gas markets by the International Energy Agency provides interesting insights. Takeaways:Post a decline of 1.5% YoY in global demand in CY22, CY23 returned to growth of 0.5% YoY.CY24 may see stronger momentum with 2.5% YoY growth driven by Asia pacific, Middle East and Africa.Supply growth keeps pace, mainly driven by U.S Liquefied Natural Gas exports, with the expansion of key offtake pipelines to support growth.Overall LNG trade may rise by 3.5% YoY (~13.7 million tonne) in CY24, with Africa becoming a major contributor.Geopolitical risks weigh heavily on these estimates and create material downside risks.Prices to remain moderate, with Dutch TTF and JKM Asia LNG prices for CY24 forecast at $ 10/metric million british thermal unit and $ 11/metric million british thermal unit, respectively..Click on the attachment to read the full report:.Chalet Hotels Shares Hit Record High After Opening Rs 2,000-Crore QIP .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IEA Q1 Gas Market Report – Demand Returns, To Pick Up Pace Over CY24: ICICI Securities

Demand returns to positive territory in CY23, to grow stronger in CY24.

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