Analyzing Turkey's natural gas production from 2013 to 2023, the data shows a significant decrease from 2013 to 2017 followed by a period of relative stability and moderate growth from 2018 onwards. In 2023, production stood at 4.08 Thousand Gigawatthours, reflecting a year-on-year increase of 3.87%. The data indicates a shift towards growth after years of decline, with recent trends showing incremental gains.
Year-on-year variations over the last two years reveal a modest increase: 4.15% in 2022 and 3.87% in 2023. The 5-year CAGR ending in 2023 is nearly flat at -0.02%. Looking forward, forecasted data suggests a positive trend with a 5-year CAGR of 2.63%, projecting a 13.88% growth rate by 2028.
Future trends to watch include technological advancements in extraction and production, Turkey's strategic energy policies, and potential geopolitical factors that may influence the natural gas supply chain. Monitoring these factors will be essential to understand production dynamics.
