The natural gas production in Italy has been on a clear downward trajectory for over a decade. From 2013 to 2023, production declined consistently, with a notable dip from 6.33 million tonnes of oil equivalent in 2013 to 3.23 million tonnes of oil equivalent in 2023. Year-on-year variations show significant decreases, especially between 2016 and 2021, with 2020 experiencing the sharpest decline of 16.38%. The positive variation in 2022 (+32.92%) was an anomaly rather than a trend reversal.
The forecast for the next five years (2024-2028) predicts a continuous decline with a 5-year CAGR of -12.28%. By 2028, production is expected to fall to 1.49 million tonnes of oil equivalent, a -48.05% decrease from 2023.
- - Advancements in renewable energy which may further reduce natural gas production.
- - Policy changes or new regulations in response to climate change.
- - Potential technological innovations that could alter extraction efficiency.
Future trends to watch:
