In 2023, Italy's total support for natural gas in fossil fuel production stood at 96.70 million USD. Based on the forecast, there is a gradual decline expected from 2024 onward, reaching 94.47 million USD by 2028. The year-on-year variation indicates a small reduction in support, with a consistently negative trend each year: 0.59% percent from 2024 to 2025, 0.48% from 2025 to 2026, 0.39% from 2026 to 2027, and 0.31% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is negative, suggesting an average yearly decline in financial support for natural gas.
Future trends to watch for include:
- Potential policy shifts toward renewable energy incentives which could accelerate the decline in natural gas support.
- Technological advancements that could impact natural gas production efficiency and costs.
- Volatility in international energy markets that might affect domestic fossil fuel strategies in Italy.
