The production of natural gas in Turkey has demonstrated fluctuations over the past decade, with significant decreases from 2013 to 2017, followed by a notable recovery starting in 2018. In 2023, the production level stood at 4.08 thousand gigawatt hours. Year-on-year variations have shown a high degree of volatility, with declines as steep as 20.55% in 2015 and growth peaks of 20.49% in 2018. The average annual growth rate (CAGR) over the past five years leading up to 2023 was virtually flat at approximately -0.02%, indicating overall stability despite short-term variations.
Looking ahead, the forecast shows a positive trend in the production of natural gas with a projected 5-year CAGR of 2.63% from 2024 to 2028. By 2028, the production is expected to grow by 13.88% from the 2023 levels. Future trends to watch for include potential advancements in natural gas extraction technology in Turkey, government policies affecting the energy sector, and global market dynamics impacting natural gas prices and demand.
