The historical data from 2013 to 2023 shows a downward trend in Indonesia's Liquefied Natural Gas (LNG) export volume. In 2023, exports stood at 14.55 billion cubic meters. Notable fluctuations included a sharp decline of 20.85% in 2019, followed by a minor recovery in 2020 with a 1.91% increase. Recent years depict continued weakening, with an average decline (CAGR) of 6.09% forecasted from 2024 to 2028, leading to a projected volume of 9.95 billion cubic meters by 2028.
Future trends to watch for:
- Global demand shifts for cleaner energy alternatives could impact export volumes.
- Geopolitical factors influencing energy markets.
- Technological advancements in LNG production and efficiency.
- Environmental regulations and policies shaping export potential.