From 2013 to 2023, the transformation output of natural gas in Spain showed notable changes. From 2013 to 2016, the value stood at zero. Starting in 2017, the output saw a substantial increase, reaching 95.25 Gigawatthours in 2023. The year-on-year variation indicated steady growth with fluctuations, peaking in 2019 at 6.8% and stabilizing over the next years.
Recent variations are as follows:
- 2018: +2.11%
- 2019: +6.8%
- 2020: +5.29%
- 2021: -5.19%
- 2022: +2.93%
- 2023: +2.72%
The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 2.42%, forecasting an additional CAGR of 1.95% over the next five years to 2028, aiming for a 10.15% growth rate by then.
Future trends to watch for would involve increased emphasis on sustainability and green energy innovations potentially affecting natural gas transformation methods and outputs in Spain.
