In 2023, the natural gas energy supply in France stood at 420.95 thousand gigawatthours, exhibiting a marginal decline of 0.33% from 2022. Over the last two years, the energy supply has showcased a marginal downward trend with average year-on-year variations oscillating slightly. The last five-year CAGR has been at -0.35%, indicating a steady but slow decline since 2018.
Looking ahead, forecast data up to 2028 suggest a continued gradual decrease in natural gas energy supply, with a forecasted CAGR of -0.26% over the next five years. This trend hints at a potential shift towards more sustainable energy sources, as reflected in the predicted 1.27% decline in natural gas supply by 2028.
Future Trends to Watch:
- Increased investment and policy support in renewable energy sources.
- Technological advancements in energy efficiency and storage.
- Regulatory changes aimed at reducing carbon emissions.
- Market adjustments due to fluctuating global natural gas prices.
