In 2023, the natural gas final consumption in the chemical and petrochemical sectors in Italy was recorded at a specific level, with the subsequent forecast for 2024 showing consumption at 20.71 thousand gigawatthours. Year-on-year, the consumption is forecasted to increase by approximately 9% annually, reaching 28.12 thousand gigawatthours by 2028. This represents a compound annual growth rate (CAGR) of around 7.8% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Technological advancements in energy efficiency and its potential impact on natural gas demand.
- Regulatory changes targeting emissions reduction which might influence the energy mix.
- Market dynamics such as pricing volatility and supply chain developments.
