In 2023, Saudi Arabia's gas consumption stood at 4.41 Exajoules. Forecasts for 2024 to 2028 suggest a consistent year-on-year increase: 2.27% in 2024, 2.22% in 2025, 2.17% in 2026, 2.13% in 2027, and 2.08% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is projected to be approximately 2.17%.
Future trends to watch for include technological advancements in gas extraction and utilization, policies aimed at enhancing energy efficiency, and potential shifts towards renewable energy sources which could impact demand. Additionally, regional geopolitical factors may also influence gas consumption trends.
