Based on the forecasted data for South Africa's gas consumption, we observe the following year-on-year variations:
| Year | Gas Consumption (Billion Cubic Meters) | YoY Variation (%) |
|---|---|---|
| 2024 | 4.69 | |
| 2025 | 4.75 | 1.28% |
| 2026 | 4.82 | 1.47% |
| 2027 | 4.88 | 1.24% |
| 2028 | 4.95 | 1.44% |
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period from 2024 to 2028 is approximately 1.36%. This indicates a steady but modest increase in gas consumption.
Looking forward, factors such as economic growth, energy policies promoting cleaner fuels, and developments in infrastructure could influence gas consumption patterns in South Africa. Continued investments in renewable energy could also affect the demand for natural gas.
