In 2024, Spain's imports of liquefied natural gas (LNG) stood at 31.65 billion cubic meters. This marks an increase from the actual volume in 2023, which was 30.00 billion cubic meters. Over the forecast period from 2024 to 2028, Spain's LNG imports are expected to grow steadily, reaching 37.84 billion cubic meters by 2028.
The year-on-year variations reflect a consistent upward trajectory:
- 2025: 6.33% increase from 2024
- 2026: 4.94% increase from 2025
- 2027: 3.91% increase from 2026
- 2028: 3.14% increase from 2027
Overall, the compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 4.56%.
Future trends to watch for include potential shifts in energy policy toward renewable sources, geopolitical factors affecting LNG supply chains, and changes in global energy demand that may impact Spain's LNG import strategy.
