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1、Gas Market Report,Q3-2025The IEA examines the full spectrum of energy issues including oil,gas and coal supply and demand,renewable energy technologies,electricity markets,energy efficiency,access to energy,demand side management and much more.Through its work,the IEA advocates policies that will en

2、hance the reliability,affordability and sustainability of energy in its 32 Member countries,13 Association countries and beyond.This publication and any map included herein are without prejudice to the status of or sovereignty over any territory,to the delimitation of international frontiers and bou

3、ndaries and to the name of any territory,city or area.IEA Member countries:Australia Austria Belgium Canada Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Japan Korea LatviaLithuaniaLuxembourg Mexico Netherlands New Zealand Norway Poland Portugal Slovak Republic I

4、NTERNATIONAL ENERGY AGENCY Spain Sweden Switzerland Republic of TrkiyeUnited Kingdom United States The European Commission also participates in the work of the IEAIEA Association countries:ArgentinaBrazilChinaEgyptIndiaIndonesiaKenyaMoroccoSenegalSingaporeSouth AfricaThailandUkraineSource:IEA.Intern

5、ational Energy Agency Website:www.iea.org PAGE|3 IEA.CC BY 4.0.Abstract Gas Market Report,Q3-2025 Abstract This quarterly Gas Market Report provides a short-term outlook for natural gas supply,demand,trade and more in 2025 and 2026.It finds that following a strong expansion in 2024,global gas demand

6、 rose at a much slower rate in the first half of 2025.Macroeconomic uncertainty,together with tight supply fundamentals and relatively high prices,weighed on natural gas consumption,particularly in price-sensitive markets in Asia.Both China and India recorded demand declines in the first half of 202