The data exhibits a declining trend in Indonesia's natural gas proved reserves from 2013 to 2023, with significant decreases notably in 2019 and 2020. Although there were marginal increases in 2021 and 2022, reserves stood at 1.43 TCM in 2023, reflecting the overall contraction.
Year-on-year variation over the past two years shows a slight upward trend with a 2.65% increase in 2023 and a 4.02% rise in 2022. However, analyzing the Compound Annual Growth Rate (CAGR) over the last five years reveals a substantial average yearly decline of 12.29%.
Future trends suggest a stabilization with the forecast indicating a negligible growth rate and a 0.03% CAGR from 2024 to 2028. Key aspects to monitor include technological advancements in extraction, potential new discoveries, and policies influencing exploration and production.
