In 2023, Austria's production of Natural Gas Liquids (NGL) stood at 13.5 Thousand Tonnes Of Oil Equivalent. Forecasted data for the years 2024 to 2028 show a consistent downward trend. Year-on-year variations for the next two years indicate declines of 6.7% from 2024 to 2025 and 5.8% from 2025 to 2026. Over the last five years, the Compound Annual Growth Rate (CAGR) projects an average yearly decrease of 4.5%.

Future Trends to Watch For:

Technological advancements and their impact on production efficiency and cost management.
Government policies and regulations targeting energy transition and sustainability.
Global market demand shifts and their influence on local production levels.
Investment in alternative energy sources and its effect on the natural gas sector.