In 2023, Germany’s natural gas gross electricity production stood at approximately 8.55 Million Tonnes Of Oil Equivalent. The forecast shows a steady increase from 2024 to 2028, with year-on-year growth rates as follows: 2024 by 1.52%, 2025 by 1.84%, 2026 by 1.70%, 2027 by 1.78%, and 2028 by 1.64%. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period is approximately 1.69%. This indicates a consistent, albeit modest, upward trend in natural gas electricity production in Germany.
Future trends to watch for include:
- Policy changes related to Germany’s energy transition plan, which could affect investment and production capacities.
- Global natural gas market dynamics, potentially impacting supply and prices.
- Technological advancements in natural gas power generation that might enhance efficiency.