Forecast: Natural Gas Final Consumption in Chemical and Petrochemical Sectors in France

The natural gas consumption in France's chemical and petrochemical sectors has shown a declining trend from 2013, dropping from 45.42 thousand gigawatthours to 34.74 in 2023. The year-on-year variations have fluctuated but generally indicate a downward trend; notable declines occurred in 2014 and 2017, while some recovery was seen in 2016 and 2018. Over the last five years, the compound annual growth rate suggests an average yearly decrease of around 0.86%. Moving forward, the forecast up to 2028 indicates a continued slight decrease, expected to drop to 33.77 thousand gigawatthours with a forecasted CAGR of -0.45%.

Future trends to watch for include:

  • Technological advancements in energy efficiency that could reduce consumption.
  • Policy changes and environmental regulations potentially impacting natural gas usage.
  • Fluctuations in natural gas prices influencing demand.
  • Shifts towards alternative energy sources in the chemical and petrochemical sectors.
  • Impact of global economic conditions on energy consumption patterns.

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