Premium Content Global Natural Gas Demand Set To Rebound After Pandemic Shock By Tsvetana Paraskova - Jan 28, 2021, 4:00 PM CST Natural gas demand in the world saw its largest drop on record last year as COVID-19 reduced economic activity and upended all previous forecasts for continuous growth in global gas consumption. Even if it was the largest decline on record, natural gas demand still fell less than demand for other fuels, most notably oil. Gas demand dropped by 2.5 percent in 2020 compared to 2019, for the first significant setback in consumption since the 2008-2009 financial crisis. Gas Demand To Recover Quicker Than Oil