In 2023, the gross available energy from natural gas liquids (NGL) in France stood at approximately 6.42 thousand terajoules. Forecasted data indicates a consistent year-on-year decline from 2024 to 2028, with values decreasing from 5.64 to 2.81 thousand terajoules. This represents a compounded annual growth rate (CAGR) of -14.1% over the forecasted five-year period. This downward trend suggests a decrease in reliance or availability of NGL as an energy source in France.
Future trends to watch for include:
- Transition to renewable energy sources impacting NGL consumption.
- Technological advances potentially improving NGL extraction and utilization efficiency.
- Policy changes in Europe encouraging reductions in carbon emissions, influencing NGL demand.