From 2013 to 2023, the exports of natural gas in Denmark showed fluctuations with a notable decline overall. As of 2023, the value stood at 16.94 Thousand Gigawatthours. From 2018 onwards, the year-on-year variation exhibited noticeable instability, including significant drops in 2018 (-31.38%) and 2019 (-14.27%), followed by a positive rebound in 2020 (20.63%). The overall Compound Annual Growth Rate (CAGR) from 2018 to 2023 was modest at 1.12%, indicating a minor upward trend in recent years.
Future forecasts from 2024 to 2028 suggest a continued decline in natural gas exports, projecting a 5-year CAGR of -2.03% leading to a total decrease of 9.74%. By 2028, exports are expected to reduce to 14.91 Thousand Gigawatthours, reflecting a gradual decrease each year.
Key trends to watch for include:
- Changes in global energy markets and shifts towards renewable energy sources, potentially impacting natural gas demand.
- Regulatory and policy developments within Denmark and the EU regarding natural gas production and consumption.
- Technological advancements in natural gas extraction and processing that could affect export volumes.
- Geopolitical factors influencing natural gas supply chains and Denmark’s trading partners.
