The production of natural gas in Germany has seen a significant decline over the past decade, dropping from 8.87 million tonnes of oil equivalent in 2013 to 2.85 million tonnes in 2023. This represents an average annual drop of about 9.55% over the last five years. The year-on-year variation further highlights the consistent decrease, with particularly sharp drops noted in 2014 (-22.58%) and 2018 (-21.8%). From 2022 to 2023, the decline is measured at 12.83%.
Looking ahead, the forecast indicates an accelerated decline with a 5-year Compound Annual Growth Rate (CAGR) of -18.87%, projecting the production to fall to as low as 0.8582 million tonnes by 2028. This suggests a total reduction of approximately 64.84% from 2023 levels.
Future trends to watch for include the effects of Germany's energy transition policies, advancements in renewable energy technologies, and geopolitical factors affecting gas supply and demand. The rapid decline in natural gas production may prompt increased investments in alternative energy sources and enhanced energy efficiency measures.
