In 2023, Italy's natural gas production stood at 133.36 thousand Terajoules. The forecasts indicate a substantial decline over the next five years, with production dropping from 118.18 thousand Terajoules in 2024 to 58.36 thousand Terajoules in 2028. This represents a year-on-year decline of approximately 12.9% from 2024 to 2025, 14.6% from 2025 to 2026, 17% from 2026 to 2027, and 20.2% from 2027 to 2028. The compound annual growth rate (CAGR) for this period is predicted to be -15.2%.
Future trends to watch for include:
- Potential policy shifts impacting production capabilities.
- Developments in renewable energy that might further influence natural gas demand.
- Technological advances that could alter the cost structures and efficiency of natural gas extraction.
- Geopolitical factors impacting Italy's energy security and supply chain dynamics.