Forecast: Natural Gas Final Consumption in Iron and Steel Sectors in France

In 2023, the final consumption of natural gas in the iron and steel sectors in France was 550.00 thousand tonnes of oil equivalent. Over the forecast period from 2024 to 2028, a steady decline is anticipated, with a year-on-year contraction averaging about 1% annually. The compound annual growth rate (CAGR) indicates a consistent decrease of approximately 0.9% per year over this timeframe. This downward trend reflects decreasing reliance on natural gas, potentially due to increased efficiency and a shift towards alternative energy sources.

Future trends to monitor include:

  • Technological advancements in energy efficiency and their impact on natural gas demand.
  • Policy changes aimed at reducing carbon emissions and their effect on the energy mix in industrial sectors.
  • Global market conditions influencing the competitiveness of domestic iron and steel production.

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