Forecast data indicates that South Korea's gas consumption is expected to increase from 2.34 Exajoules in 2024 to 2.57 Exajoules in 2028, reflecting continuous year-on-year growth. By analyzing the percentage variations from 2024 to 2028, we observe a consistent upward trend. Compare this to 2023, where actual consumption stood at 2.28 Exajoules. The year-on-year growth rates are expected to be steady, enhancing an average variation of approximately 2.5% per year, as indicated by the CAGR over the five-year forecast period.
Future trends to watch for include the impact of policies promoting renewable energy sources, technological advancements in energy efficiency, fluctuations in global gas prices, and geopolitical influences that may alter supply chains. These factors could significantly impact consumption patterns beyond the forecast period.
