Austria has experienced varying trends in the supply of natural gas from 2013 to 2023. The supply decreased in some early years, notably by 8.4% in 2014, but saw a rise again in subsequent years, including a significant increase of 7.37% in 2017. In 2023, the natural gas supply stood at 327.94 Thousand Terajoules, reflecting a modest year-on-year growth of 0.95%. Over the past five years, the average annual compound growth rate (CAGR) has been 1.25%, showing a stable upward trend overall.
For the future, from 2024 to 2028, the forecast indicates a steady rise in natural gas supply with an annual growth rate of 0.71%, resulting in an overall increase of 3.6% by 2028.
Trends to watch for include:
• Potential impacts of energy policy changes aimed at reducing reliance on fossil fuels.
• Technological advancements in alternative energy sources that could decrease natural gas demand.
• Economic factors influencing energy production and consumption patterns in Austria.
