The International Energy Agency (IEA) predicts global electricity demand will accelerate to 3.8% by 2027, driven by industrial expansion, EVs, and data centers. Renewables are set to become the largest source of electricity generation by 2026, with solar leading growth. However, disruptions to LNG supply due to the US-Israeli war on Iran are impacting electricity consumption in price-sensitive markets like Pakistan and Bangladesh. This could mean sustained energy cost pressures for Pakistan, potentially influencing local inflation and the USD/PKR exchange rate.
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