Turkey's natural gas production had shown significant volatility over the past decade, with an overall downward trend until 2017. From 2013 to 2017, production decreased at a CAGR of -10.95%, with notable declines in years like 2015 (-20.55%). However, production bounced back in 2018 with a 20.49% year-on-year increase and showed modest recovery through 2020. Over the last five years to 2023, the natural gas production fluctuated with a slight overall decline, having a 2023 figure standing at 14.69 thousand terajoules.
From 2024 onwards, forecasted data indicates a steady increase in production with an average annual growth rate (CAGR) of 2.63%, projected to reach 17.35 thousand terajoules by 2028. This forecast translates to a 13.88% growth rate over the five-year period from 2024 to 2028.
Future trends to watch for include technological advancements in extraction methods, policy changes, and market dynamics such as global demand fluctuations and potential new natural gas discoveries within Turkey.
