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Fuel report
Oct 2025
Gas Market Lessons from the 2022-2023 Energy Crisis Conclusion and lessons learned
Market environment is structurally and geopolitically more fragile One of the primary and most fundamental consequences of the energy crisis is the shift into a structurally more fragile natural gas market environment, compounded by geopolitical uncertainty. The drastic reduction in Russian pipeline flows to Europe also represented a loss of traded gas volumes in the global market. Concurrently, this drove an equally significant reduction in the availability of swing production capacity that had previously provided a degree of price-responsive supply modulation to both the European and global markets. In turn, this led to an increased reliance on LNG trade…
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Contributor
Selwin Hart
Special Adviser to the Secretary-General on Climate Action and Just Transition.
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Contributor
Melanie Slade
Senior Programme Manager, Energy Efficiency in Emerging Economies Programme. Melanie Slade has spent thirty years in energy efficiency policy development and implementation in many parts of the world. She started out working in the UK Government on industrial and appliance energy efficiency and has worked with many other governments to establish similar programmes, perhaps most notably, the Government of China since the 1990s. In 2007 Mel became the Chair of Australia and New Zealand’s Equipment Energy Efficiency programme and where she led the phase-out of inefficient lighting. Mel moved to the International Energy Agency in February 2014 to manage the Energy Efficiency in Emerging Economies Programme. Mel and her team work with policy makers in Brazil, China, India, Indonesia, Mexico, South Africa and Thailand to develop more effective energy efficiency policy, track its progress and assess its potential.
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Report
Nov 2025
Global Energy and Climate Model Techno-economic inputs
The Global Energy and Climate Model (GEC Model) uses macro drivers, techno-economic inputs and policies as input data to design and calculate the scenarios. The values for the different data categories and scenarios used in the GEC Model 2025 can be downloaded here.In particular more details regarding power generation technology costs for the Current Policies Scenario, the Stated Policies Scenario and the Net Zero Emissions by 2050 Scenario can be downloaded in excel format, including detailed projections at the 2050 horizon regarding overnight capital costs, annual O&M costs, efficiencies and other contributors to electricity costs at regional…
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Fuel report
Apr 2025
Gas Market Report, Q2-2025 Executive summary
Global gas demand growth is expected to slow in 2025 amid macroeconomic uncertainties Following the gas supply shock of 2022/23, natural gas demand returned to structural growth in 2024 and continued to expand through the 2024/25 heating season. Growth was primarily concentrated in Europe and North America, with weather conditions, including lower temperatures, leading to stronger gas use in buildings and the power sector. In contrast, gas demand growth slowed in Asia amid higher spot liquefied natural gas (LNG) prices and a milder winter in the People’s Republic of China (hereafter “China”). Tighter market fundamentals put upward…