Forecast: Natural Gas Transformation Output in Belgium

The natural gas transformation output in Belgium measured in Thousand Tonnes of Oil Equivalent (ktoe) showcases a steady increase from 2024 to 2028. Starting at an actual value of 20.0 ktoe in 2023, forecasted values exhibit a year-on-year growth rate, with substantial increases each year: 23.4% in 2024, 23.4% in 2025, 18.82% in 2026, 15.79% in 2027, and 13.62% in 2028. Over the last two years, the year-on-year growth marked a notable rise, illustrating a consistent upward trend. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is 18.29%, indicating an average annual increase.

Future trends to watch for include:

  • Technological advancements and their impact on natural gas transformation efficiency.
  • Market dynamics such as policy changes, pricing fluctuations, and investment in renewable energy sources.
  • National and EU-level environmental regulations influencing energy production and transformation methods.

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