Forecast: Natural Gas Domestic Extraction in Germany

The domestic extraction of natural gas in Germany has seen a downward trend over the past decade. From a high of 9.72 million metric tons in 2013, production has steadily declined to 3.82 million metric tons in 2023. This marks a significant reduction with year-on-year variations showing consistent negative performance, notably a near 20% drop in 2014 and a 17.57% decline in 2018. The compound annual growth rate (CAGR) for the last five years up to 2023 stands at -6.05%.

Looking ahead, the forecasted data from 2024 to 2028 suggests a continued decline in natural gas extraction. By 2028, production is anticipated to drop to 1.41 million metric tons, resulting in a forecasted 5-year CAGR of -15.69% and an overall reduction of 57.4% compared to 2023 levels.

Future trends to watch for include the impact of policy shifts toward renewable energy, potential investment in alternative gas extraction technologies, and changes in the economic landscape that could either exacerbate or mitigate the downward trend in domestic natural gas extraction.

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