The forecasted gas consumption in Australia indicates a steady increase from 2024 to 2028, with values projected to grow from 4.15 to 4.38 Billion Cubic Feet per Day. In 2023, the gas consumption stood at 4.10 Billion Cubic Feet per Day. The year-on-year variations from 2024 to 2028 are as follows:
-2024: 1.22%
-2025: 1.45%
-2026: 1.19%
-2027: 1.64%
-2028: 1.15%
The Compound Annual Growth Rate (CAGR) over the five years (2024-2028) indicates a moderate growth trend of approximately 1.33% per year.
Future trends to watch for include potential regulatory changes influencing gas consumption, advancements in alternative energy sources, economic growth impacts, and technological innovation in energy efficiency. Monitoring these factors will be crucial in predicting long-term gas consumption patterns in Australia.
