The natural gas energy supply in Denmark has shown a marked decrease over the past decade, with a general trend of decline in the values from 138.83 thousand terajoules in 2013 to 97.87 thousand terajoules in 2023. Significant year-on-year variations include a sharp decline of 16.49% in 2020 and a notable increase of 21.94% in 2022. Over the last two years, a decline of 0.85% in 2023 indicates a stabilization after the spike in 2022. The Compound Annual Growth Rate (CAGR) demonstrates an average yearly decline of 2.66% over the last 5 years. Forecast data indicates a continued decline, with a projected CAGR of -3.73% leading to a 17.33% decrease by 2028.
Future trends to watch for:
- Impact of renewable energy investments diminishing reliance on natural gas.
- Policy changes aimed at reducing carbon emissions potentially accelerating the decline in natural gas usage.
- Technological advancements in energy efficiency reducing overall energy consumption further.
