Indonesia's gas production has been on a downward trend from 2013 to 2023, with a noticeable decline from 2.79 Exajoules in 2013 to 2.02 Exajoules in 2023. The year-on-year variations highlight significant drops, particularly between 2019 and 2020 with an 11.92% decrease. The compound annual growth rate (CAGR) over the last five years was a negative 5.09%. Looking forward, the forecast indicates continued decline with a CAGR of -2.27% and a projected production level of 1.75 Exajoules by 2028.
Future trends to watch for:
- Potential regulatory changes influencing gas production policies.
- Technological advancements affecting extraction efficiency.
- Shifts in global energy market demand and prices.
- Impact of renewable energy adoption on gas production rates.
