The natural gas production in Germany has shown a clear declining trend over the past decade, with actual production values falling from 103.11 TWh in 2013 to 33.34 TWh in 2023, marking an approximately 67.7% decrease. The year-on-year variations exhibit significant drops, particularly in 2014 (-22.58%), 2018 (-21.8%), and 2022 (-15%). On average, the compound annual growth rate (CAGR) over the past five years stands at -9.47%. Projections indicate that this decline will continue, with production expected to fall to 9.6 TWh by 2028, averaging a forecasted CAGR of -19.56%, a dramatic reduction of 66.32% over this period.
Key future trends to watch for include:
• Increased reliance on imports to meet domestic natural gas demand due to declining local production.
• Policies and investments towards renewable energy sources which might further accelerate the decline in natural gas production.
• Economic impacts on industries reliant on natural gas, necessitating shifts to alternative energy sources.
• Technological advancements in energy efficiency and resource management.
