Gas Market Report, Q3-2025

Natural gas demand returned to structural growth in 2024 and has continued to expand in the first half of 2025, albeit at a slower pace than last year. Meanwhile, supply has remained tight.

Against a backdrop of significant uncertainty, the new edition of the IEA’s quarterly Gas Market Report explores these trends and more, providing a short-term outlook for natural gas supply, demand, trade and more in 2025 and 2026. It also includes a special section on the role the Middle East plays in global gas markets.