IEA says global gas demand will fall 0.5% in 2026 amid Middle East disruption
PARIS, 7th July, 2026 (WAM) -- World's gas consumption is forecast to drop for the third time in seven years, even as LNG supply from producers in other regions helps offset losses in the Middle East.The impacts of the war in the Middle East continue to reshape the global natural gas market, with tighter supply and elevated prices weighing on demand in key markets, according to the IEA's latest quarterly market report.Global gas demand is expected to decline by 0.5% this year, the report forecasts, due primarily to lower gas use in the power and industrial sectors. This would mark... [Continue Reading]
Breaking-360LiveNews | 07 Jul 2026 20:30 LONDON
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Canada and Alberta advance new pipeline plan after C$150bn investment pledge
Canada and Alberta have said they will move ahead with a new oil pipeline after announcing more than C$150bn in investments aimed at easing concerns in British Columbia and among First Nations. The plan was unveiled by Prime Minister Mark Carney after he travelled between British Columbia and Alberta on Thursday to present the package. It also includes port expansion in Vancouver, power infrastructure for a new liquefied natural gas terminal and new protections for the endangered southern resident killer whale.The pipeline would follow the route of the existing Trans Mountain pipeline before diverting to a new terminal, according to... [Continue Reading]
360LiveNews | 03 Jul 2026 17:02 LONDON
