Key Market Indicators
French energy consumption is projected to decline to approximately 7.7 exajoules by 2028, down from 8.5 exajoules in 2023. This represents an average annual decrease of 1.5%. Historically, since 1970, France has seen a year-on-year reduction in energy demand by 3.4%. In 2023, France ranked 14th in global energy consumption, with Mexico surpassing it at 8.5 exajoules. The United States, India, and Russia held the second, third, and fourth positions, respectively, in the same ranking. On the supply side, French energy supply is expected to rise slightly to nearly 248 million tonnes of oil equivalent by 2028, up from around 245 million tonnes in 2023. This indicates a modest average annual growth rate of 0.2%. Since 1965, the French energy supply has seen a minor annual decline of 0.1%. In 2023, France was ranked second in global energy supply, with Germany leading at approximately 245 million tonnes of oil equivalent. Following France in the rankings were Saudi Arabia and the United Kingdom, in third and fourth positions, respectively.
