Forecast: Natural Gas Production in Belgium

Belgium's natural gas production has remained null from 2013 until 2018. In 2019, production witnessed a significant increase, reaching 122.63 Terajoules. This uptrend continued in 2020 with an impressive 55.52% year-on-year increase. Production saw a decline of 12.22% in 2021, before stabilizing with a slight increase of 0.85% in 2022. By 2023, the production slightly decreased by 0.047%, standing at 168.76 Terajoules. From 2024 onwards, forecasted data indicates minor annual reductions, resulting in a forecasted 2028 production of 168.55 Terajoules. The forecasted 5-year compound annual growth rate (CAGR) is -0.02%, indicating minimal decline.

Future trends to watch for:

• Technological advancements potentially boosting production efficiency.
• Government policies on energy transition impacting production levels.
• Global natural gas market fluctuations influencing domestic production strategies.