The gross investment in the natural gas extraction sector in Italy has seen a significant decline since 2013. Peaking at 1.09 Billion Euros in 2013, it dropped to 0.4924 Billion Euros in 2023, demonstrating the sector's persistent downward trend. The year-on-year changes indicate sharp declines such as 20.99% in 2013 and 38.45% in 2020, along with occasional minor recoveries, notably a 9.84% increase in 2021. The CAGR over the last five years leading up to 2023 stands at -5.16%, showing the long-term contraction of the industry.
Future trends to watch for include:
- Continued reduction in investments due to shifts toward renewable energy sources.
- Potential policy changes impacting the energy sector investment landscape.
- Technological advancements in natural gas extraction which may either bolster efficiency, slowing the decline, or render it less competitive against renewable alternatives.
- Economic factors, including GDP growth and global energy prices, influencing investment levels in the sector.
Forecasts suggest a further decrease with a CAGR of -3.49% projected through to 2028, resulting in a -16.26% overall reduction in value, indicative of continuing challenges for the sector.
