Belgium's imports of natural gas have exhibited varied trends over the past years. From a peak in 2013 at 15.4 Million Tonnes Of Oil Equivalent, the values saw a dip in 2014 (-12.12%) followed by fluctuating increments. The year 2018 marked a significant rebound with an 11.37% increase. Another notable spike was in 2019 with 18.34%. Although there was a slight decline in 2020, imports started to stabilize and saw moderate annual growth thereafter. By 2023, imports reached 18.56 Million Tonnes Of Oil Equivalent, a 2.19% increase from the previous year. The compound annual growth rate (CAGR) for the last five years stood at 2.64%.
Future trends to watch for include:
- Forecasted annual growth from 2024 to 2028 is modest, with a CAGR of 1.57%.
- By 2028, imports are expected to increase by 8.09% from the 2023 level.
- Global energy policies and shifts towards renewable energy might affect these trends.
- Economic conditions and technological advancements in energy efficiency could also play crucial roles.
