Based on the data from 2013 to 2023, it is evident that Italy's natural gas domestic extraction has experienced a consistent decline. From 5.45 million metric tons in 2013, the extraction has fallen sharply to 2.78 million metric tons in 2023. The year-on-year variations highlight significant drops, particularly in years such as 2016 (-14.58%) and 2020 (-16.37%), while 2022 saw a temporary increase of 32.92%. The compound annual growth rate (CAGR) for the last 5 years stands at -6.27%, indicating an average annual decline.
Looking ahead, the forecast for the years 2024 to 2028 suggests a continued downward trend, with an estimated extraction level of 1.29 million metric tons by 2028. The 5-year forecast CAGR is -12.27%, signifying an accelerated rate of decline.
Future trends to watch for include advancements in renewable energy technologies, potential policy changes influencing the extraction of natural gas, and economic factors that may impact extraction levels. Monitoring these trends will provide insight into how Italy's energy landscape may evolve.
