Forecast: Production of Natural Gas in Austria

The production of natural gas in Austria has seen a generally declining trend from 2013 to 2023, with a notable decrease from 49.83 to 28.34 Thousand Terajoules. The exception was in 2022, where there was a 24.82% increase year-on-year but resumed with a decrease of 4.81% in 2023. Over the last five years, the compound annual growth rate (CAGR) has averaged at -4.66%. The forecasted data from 2024 to 2028 suggests a continued decline, with a forecast 5-year CAGR of -9.07% and an overall reduction in production by 37.85% during this period.

Future trends to watch for include:

  • Potential shifts in energy policy and investment that could impact production levels.
  • Technological advancements in natural gas extraction that could alter forecasts.
  • Changes in demand and market conditions within Austria and the broader European context.

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