Forecast: Natural Gas Production in Germany

Germany's natural gas production has been on a consistent decline over the past decade, falling by approximately 68% from 371.18 thousand terajoules in 2013 to 120.01 thousand terajoules in 2023. Over the last two years, production decreased by 12.8%, with a 9.47% compound annual growth rate (CAGR) from 2018 to 2023. Forecasts predict a further drop to 34.55 thousand terajoules in 2028, reflecting a forecasted 5-year CAGR of -19.56%, representing a 66.32% decrease in production over this period.

Future trends to watch for:

- The acceleration of renewable energy projects as a substitute for natural gas.

- Policy shifts towards greener energy solutions impacting natural gas production.

- Possible technological advancements in extraction methods.

- Economic or geopolitical factors affecting energy market dynamics.