The final consumption of refinery gas in the chemical and petrochemical sectors in France has experienced significant fluctuations over the years. A peak in 2019 and 2020 at 1,350 and 1,430 Gigawatthours respectively was followed by a sharp decline reaching 322.69 Gigawatthours in 2023. Despite a modest 5.84% increase in 2020, the trend over the last few years shows a decline with a negative year-on-year variations of -72.88%, -8.08%, and -9.36% in 2021, 2022, and 2023 respectively.
Looking into the future, forecasts for 2024 and beyond indicate a continuous downward trajectory with a forecasted 2028 value of 180.65 Gigawatthours, representing a forecasted 5-year CAGR of -9.1%. The refinery gas consumption in France's chemical and petrochemical sectors is projected to decrease significantly by 2028.
Future trends to watch for include:
- Shifts in energy policies and regulations towards sustainability and reduced carbon emissions.
- Technological advancements promoting alternative energy sources.
- Changes in the economic landscape impacting industrial energy consumption patterns.
- Possible shifts in the global petrochemical market affecting local demand.
