As of April 1, 2024, the average gas price for commercial customers in Germany was around **** euro cents per kilowatt hour. At the same time, the gas price for industrial customers was around *** euro cents per kilowatt hour. The price data is based on information from wholesalers and gas suppliers.

German industrial consumers have seen a reduction in the price of natural gas since 2010. Prices fell from **** cents per kilowatt hour (kWh) in 2010, to **** euro cents per kilowatt hour in 2021, for users with an annual consumption greater than 10,000 gigajoules (GJ) and lower than 100,000 GJ.Natural gas in GermanyNatural gas plays a significant role in the German energy mix. As of 2019, the country generated **** percent of their energy using natural gas as the primary fuel source. In that same year, a total of **** terawatt hours of electricity was generated using natural gas.However, domestic natural gas production has been reduced considerably in Germany over the past decade. In 2008, Germany's natural gas production stood at **** billion cubic meters, a volume that would eventually sink to *** billion cubic meters by 2019. Natural gas price for householdsHowever, while prices for the industry have been declining, German households have continuously had to dig deeper into their pockets in oder to pay their gas bill. Residential gas prices in Europe were around double the price for industrial clients. German households with an annual consumption below *** GJ paid *** euro cents per kilowatt hour. Dutch households paid the most.

TTF Gas fell to 34.42 EUR/MWh on July 15, 2025, down 2.91% from the previous day. Over the past month, TTF Gas's price has fallen 9.14%, but it is still 4.95% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on July of 2025.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The turnover of German industrial gas manufacturers increased by an average of 5.6% per year between 2020 and 2025. This growth was largely due to the sharp increases in electricity and natural gas prices, which the industry was largely able to pass on to customers due to the costly logistics alternatives that are usually difficult to realise in the short term. Demand for medical speciality gases was high during the pandemic and partially compensated for the decline in demand from the manufacturing industry. The strong focus on high-quality speciality gases for medical applications and cutting-edge technologies also demonstrated the industry's resilience in volatile markets. Technical and economic hurdles in the import of industrial gases are leading to an increase in demand for on-site gas solutions. In view of the complex, cost-intensive and uncertain import logistics, more and more German companies are focussing on independent production directly at their production site. In the current year, industry turnover is expected to fall by 0.5% compared to the previous year and amount to around 2.7 billion euros in 2025. Demand from the manufacturing sector, particularly the mechanical engineering and chemical industries, will remain at a low level. Despite an easing of energy prices compared to the record levels of 2022, they remain well above pre-crisis levels and are exerting considerable pressure on profit margins, which are likely to more than halve compared to the record year 2020. In addition to the high energy costs, the length and complexity of approval procedures for the construction of new production facilities and government administrative procedures also represent locational disadvantages for Germany. In the long term, the high location costs could lead to the relocation of particularly energy-intensive production steps abroad. The outlook for the coming years is mixed. The industry expects average sales growth of 3% per year until 2030, which corresponds to a forecast industry volume of €3.2 billion in 2030. Germany's national hydrogen strategy, which provides for high levels of investment in the construction of large production facilities and state subsidies for green hydrogen, is seen as a key growth driver. Industrial gases will also continue to gain in importance as a key element for innovative manufacturing processes, for example in the production of new materials such as carbon nanotubes or for use in bioreactors. However, production in Germany remains heavily dependent on the continuing high prices of energy and raw materials. Without sustained relief, there could be further specialisation in high-priced specialty gases, while energy-intensive basic products, including green hydrogen, increasingly migrate to foreign markets.

The gas supply industry is one of the infrastructure sectors in Germany and comprises the production and distribution of gas to end consumers. In Germany, private households primarily use gas for heating and cooking, while in industrial production it is used to generate process heat and electricity and as a raw material in the chemical industry. Accordingly, industry turnover is closely linked to the number of private households, their gas consumption and the production volume.Since only negligible quantities of natural gas are now being produced in Germany due to declining natural gas reserves and increasingly difficult extraction conditions, industry players are heavily dependent on foreign gas suppliers. Due to the high dependency on imports, gas suppliers only have limited negotiating power despite long-term supply contracts. They are also heavily dependent on trading prices for crude oil and natural gas due to their high dependence on imports. If global market prices rise and import prices rise accordingly, the gas suppliers pass this on to the end consumer due to the limited scope for price increases and negotiations. Nevertheless, the profit margin of gas supply companies has fallen since 2020 and was even negative in 2022 due to the low gas supplies from Russia as a result of the outbreak of war in Ukraine. The significant increase in the price of gas in 2022 led to significant revenue growth, with industry revenue increasing by an average of 14.5% per year between 2020 and 2025. As the global market for natural gas eased, industry turnover has been declining again since 2023 and is expected to fall by 3.1% to €115.5 billion in the current year as well.The easing of trading prices for natural gas is likely to continue in the coming years and, together with falling gas consumption, cause a decline in industry turnover by an average of 1.7% per year to 105.9 billion euros in 2030. The decline in turnover will be accelerated, among other things, by the fact that natural gas is to be replaced as a fuel and heating source by renewable, more environmentally friendly energy sources in the long term. This would reduce the demand from private and industrial consumers for the supply of natural gas via pipeline networks and put pressure on the turnover of gas suppliers. Gas suppliers are already working intensively on constructing new pipelines for the transport of gases such as hydrogen or converting existing gas networks. However, it will be several years before the pipeline network can be utilised on a large scale.

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the second quarter of 2024, industrial customers in Switzerland paid approximately 0.16 U.S. dollars per megawatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia and Algeria. Determining natural gas prices Like other commodities, natural gas prices are driven by supply and demand trends. In some instances, they may also reflect developments within the oil market, as both commodities are often produced together. Natural gas prices are volatile. Seeing as the consumption of natural gas is often without alternative (e.g. within power plants), short-term changes to supply and demand have huge repercussions for the market. Weather is also a common determinant of natural gas prices. Unprecedented heat waves in the U.S. have driven up electricity demand for air conditioning and affected weekly Henry Hub natural gas prices in the hotter summer months. Natural gas demand Primary energy demand generated by natural gas worldwide is highest in North America. Nevertheless, forecasts suggest that the Asia Pacific region will experience a doubling in such demand by 2050 and overtake consumers in North America. The United States is still leading a ranking of world natural gas consumption by country. However, China has increased its LNG and gas pipeline investment portfolio, which could see it becoming an even greater consumer in the future.

Germany - Producer prices in industry: Extraction of crude petroleum and natural gas was 135.20 points in April of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Producer prices in industry: Extraction of crude petroleum and natural gas - last updated from the EUROSTAT on June of 2025. Historically, Germany - Producer prices in industry: Extraction of crude petroleum and natural gas reached a record high of 249.90 points in October of 2022 and a record low of 17.90 points in August of 1995.

Petroleum and natural gas are used in a variety of industries for a wide range of purposes. In Germany, these fossil fuels have been extracted since the beginning of the 20th century and make a small contribution to guaranteeing Germany's energy supply. According to the BVEG, there are around 23.7 million tonnes of crude oil reserves and 36 billion cubic metres of natural gas reserves in Germany as of 2022. The industry's turnover and profit development is closely linked to the development of world market prices for crude oil and natural gas. OPEC+ plays an important role in setting oil prices. By setting production quotas, OPEC+ can adjust supply to demand and thus stabilise or increase prices. Following the price slump in 2020 due to the COVID-19 pandemic, the price of oil and gas began to rise again in 2021. The recovery of the global economy and rising demand for energy drove prices up. Limited production capacities and supply bottlenecks further exacerbated this trend. The Russian invasion of Ukraine in February 2022 led to a further price increase. Economic sanctions and import embargoes against Russia, an important exporter of natural gas, caused prices to rise further. Energy prices have fallen again since 2023, but remain at a high level. Oil and gas prices will also remain volatile in 2025, influenced by geopolitical tensions, economic uncertainties and OPEC+ decisions.Since 2020, turnover in the sector has risen by an average of 8.2% per year. This is primarily due to price increases in 2021 and 2022. However, the recent lower international prices for crude oil and natural gas as well as steadily declining production volumes have led to a negative development in the industry since 2023. Fears of a global recession and the actual slowdown in economic growth in some regions have dampened demand for oil and natural gas while global production volumes remain high. For 2025, IBISWorld expects sales to fall by 0.7% compared to the previous year to 2.9 billion euros.In the long term, the industry will not be able to recover, even though natural gas in particular is likely to continue to play an important role in energy and heat generation in Germany. The declining reserves of raw materials in Germany are further reducing the companies' production output. The domestic production volume of natural gas was 169,428 terajoules in 2022, compared to 378,425 terajoules in 2012. As a result, companies in the sector are increasingly starting to reorient themselves internationally and outside the renewable energy sector. Turnover is expected to fall by 1.2% per year and reach 2.7 billion euros in 2030.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

Gasoline Prices in Germany increased to 2.06 USD/Liter in June from 1.97 USD/Liter in May of 2025. This dataset provides the latest reported value for - Germany Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

German industrial electricity costs are made up of several components. The largest of these is a combination of energy procurement, network charges, and distribution. Thus far in 2024, this accounted for around **** percent of costs.  What is industrial electricity? Industrial electricity is an extremely broad field, covering electrical power used in production and manufacturing. These are industrial processes. Industrial electrical systems are considerably more complex than those used for residential and commercial purposes, as industrial use by definition includes different types and volumes of demand, operation, and maintenance. Systems in residential buildings require less voltage and are developed for smaller spaces. Commercial electricity is used to power the work of businesses and commercial real estate. Rising electricity prices have been an issue for industries, businesses, and private households around the world since the global energy crisis. As of 2024, commercial electricity prices were noticeably higher than industrial.   Electricity generation in Germany Various energy sources are used to generate electricity in Germany. Not all of them are renewable, or at least the complete energy transition has not happened yet. The leading sources used for electricity generation are wind, lignite (brown coal), and natural gas. Domestic production figures for the latter have been decreasing, thus consequently making Germany reliant on gas imports from other countries. 

Germany - Producer prices in industry: Electricity, gas, steam and air conditioning supply was 152.90 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Producer prices in industry: Electricity, gas, steam and air conditioning supply - last updated from the EUROSTAT on July of 2025. Historically, Germany - Producer prices in industry: Electricity, gas, steam and air conditioning supply reached a record high of 244.80 points in September of 2022 and a record low of 44.40 points in March of 2000.

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Liquefied Natural Gas (LNG) Bunkering Market Size 2025-2029

The liquefied natural gas (LNG) bunkering market size is forecast to increase by USD 1.59 billion at a CAGR of 21.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing supply of LNG and the rising demand for cleaner fuels in the maritime industry. However, this market is not without challenges. High capital requirements for using LNG as a marine fuel can pose a significant barrier to entry for some players. Furthermore, regulatory hurdles impact adoption, as various international and regional regulations governing LNG bunkering and safety standards continue to evolve. Supply chain inconsistencies also temper growth potential, as the availability and reliability of LNG supply infrastructure remain crucial factors in the market's development. As the world shifts towards reducing carbon emissions, LNG is becoming an increasingly popular choice as a marine fuel due to its lower carbon footprint compared to traditional fuel oils and crude oil.
To capitalize on market opportunities and navigate challenges effectively, companies must stay abreast of regulatory developments, invest in infrastructure, and build strong partnerships with suppliers and logistics providers. By doing so, they can position themselves to benefit from the growing demand for cleaner fuels and the expanding LNG bunkering market. As the maritime industry shifts towards eco-friendly shipping options, LNG-driven ships are gaining popularity due to their lower sulfur emissions compared to Heavy Fuel Oil (HFO), Marine Gas Oil (MGO), and MDO.

What will be the Size of the Liquefied Natural Gas (LNG) Bunkering Market during the forecast period?

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The LNG bunkering market is experiencing significant activity and trends as the maritime industry transitions to cleaner fuels. LNG demand continues to rise, driven by the adoption of dual fuel engines and LNG as a fuel for boilers. LNG distribution is evolving with advancements in transfer systems, such as cryogenic transfer and vapor recovery, and the integration of LNG with renewable energy sources. LNG production is increasing, with new liquefaction plants coming online, and LNG pricing models are being refined through futures markets and risk management strategies. The LNG spot market is becoming more volatile, necessitating effective hedging and contract negotiations. Additionally, the demand for LNG bunkering is increasing due to the growing popularity of LNG as a cleaner alternative to traditional fuel sources in the maritime industry. Another significant factor influencing the LNG market is the fluctuations in global oil and gas prices, which can impact the profitability of LNG producers and consumers.
Sustainability is a key focus in the LNG industry, with initiatives to reduce emissions through carbon capture and the development of LNG biofuel and biogas. Gas-to-liquid technology is also gaining attention as a potential solution for decarbonizing the industry. LNG handling systems are being optimized for efficient and safe operations, with a focus on reducing emissions and minimizing environmental impact. The use of LNG in shipping is expanding, with the industry aiming for a greener future. Despite challenges, such as price fluctuations and the need for infrastructure investments, the LNG market remains a dynamic and innovative space, driving progress towards a more sustainable maritime sector. LNG is increasingly utilized in power generation, particularly in electric power and distributed power projects, as an alternative to traditional fossil fuels like coal and oil.

How is this Liquefied Natural Gas (LNG) Bunkering Industry segmented?

The liquefied natural gas (LNG) bunkering industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Tanker
  Ferry and ro-ro
  Container
  Others


End-user

  Commercial
  Defense


Product Type

  Ship-to-ship
  Port-to-ship
  Truck-to-ship
  Portable tanks


Geography

  North America

    US


  Europe

    Denmark
    France
    Germany
    Norway
    The Netherlands
    UK


  APAC

    China
    Japan
    Singapore


  Rest of World (ROW)

By Application Insights

The tanker segment is estimated to witness significant growth during the forecast period. The maritime industry is witnessing a shift towards cleaner and more sustainable marine fuels, with LNG emerging as a prominent alternative to traditional bunker fuels. Container shipping, a significant sector in the shipping industry, is leading the way in LNG adoption. LNG bunkering investments are surging to support the growing demand for carbon-neutral marine fuel. Offshore vessels and LNG stora

In the first half of 2022, the electricity prices for household end users (including taxes, levies, and VAT) in Germany increased by 0.01 euro cents per kWh (+14.29 percent) in the second half of 2021. With 0.08 euro cents per kWh, the electricity prices thereby reached their highest value in the observed period.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about Germany with key insights such as natural gas prices for household end users incl. tax.

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Underground Gas Storage Market Size 2024-2028

The underground gas storage market size is forecast to increase by USD 10.2 billion at a CAGR of 5.34% between 2023 and 2028.

The market is experiencing significant growth due to increasing energy demand and advancements in drilling techniques, seismic imaging, and reservoir management technologies. These innovations enable the efficient extraction and storage of natural gas, making UGS an essential component of the global energy mix. Hydrogen storage in underground facilities is an emerging trend. 
However, constructing underground storage facilities for gas presents challenges, including high capital costs, complex regulatory requirements, and geological risks. Addressing these challenges requires continued investment in research and development, as well as collaboration between industry stakeholders and regulatory bodies. By overcoming these hurdles, the market is poised to continue its expansion and contribute to a more sustainable energy future.

What will be the Size of the Market During the Forecast Period?

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Underground gas storage has emerged as a vital component of the global energy landscape, providing a stable and secure means of storing large volumes of natural gas for various applications. With an expanding industrialization process and increasing natural gas consumption, the need for underground gas storage facilities has grown significantly. These facilities, which can hold billions of cubic meters of natural gas, are typically constructed in depleted gas reservoirs, salt caverns, and aquifer reservoirs. The technology used in underground gas storage involves injecting natural gas into geologic formations, such as depleted oil and gas fields, salt caverns, and aquifers.
Moreover, the natural gas is stored under high pressure, allowing for efficient inventory management and energy resource backup during periods of high demand, particularly during the winter season. The underground gas storage industry is witnessing several market dynamics, including the transition towards cleaner energy sources and the increasing importance of energy security concerns. Hydrogen, as a potential cleaner energy source, is being explored for use in underground gas storage facilities, providing an opportunity for technology transfer from the oil and gas industry. Moreover, the price volatility of natural gas and the need for stable supply have further emphasized the importance of underground gas storage.
Additionally, groundwater utilization is also a critical consideration in the design and operation of these facilities to minimize environmental impact. Inventory management is a key aspect of underground gas storage, ensuring an adequate supply of natural gas for gas distribution networks and energy consumers. The use of advanced technology and techniques in the storage industry continues to evolve, enabling the efficient and safe storage of large volumes of natural gas. Carbon dioxide (CO2) storage is another application of underground gas storage facilities, providing a means of reducing greenhouse gas emissions and mitigating the environmental impact of fossil fuel reserves. Overall, the market is poised for growth, driven by the need for energy security, stable supply, and the transition towards cleaner energy sources.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Depleted fields
  Aquifer reservoir
  Salt caverns


Product

  Natural gas
  Hydrogen
  Others


Geography

  Europe

    Germany


  North America

    Canada
    US


  APAC



  Middle East and Africa



  South America

By Type Insights

The depleted fields segment is estimated to witness significant growth during the forecast period.

Underground gas storage (UGS) is an essential component of the natural gas infrastructure, utilizing depleted oil and gas reservoirs for confining natural gas post-extraction. The suitability of a depleted field for UGS depends on its geographic and geological characteristics. Proximity to regions of high natural gas consumption facilitates efficient transportation and distribution. Geological factors, such as porosity and permeability, determine the reservoir's capacity to store and release natural gas. Porosity affects the quantity of gas the reservoir can hold, while permeability influences the outward flow rate. Price volatility and the shift towards hydrogen as a cleaner energy source are key challenges for the UGS market. However, UGS plays a crucial role in mitigating price volatility and ensuring energy security. Hydrogen storage in UGS facilities is an emerging trend, offerin

Germany Combined Heat And Power Market size was valued to be USD 4.8 Billion in the year 2023 and it is expected to reach USD 7.2 Billion in 2031, growing at a CAGR of 5.2% over the forecast period of 2024 to 2031.

Key Market Drivers

Growing Focus on Energy Efficiency: The industrial sector in Germany is increasingly adopting CHP systems due to their superior efficiency rates of up to 85-90%, compared to conventional power generation. Manufacturing facilities implementing CHP systems have reported energy cost reductions of 20-30%, driving widespread adoption across industries.

Renewable Energy Integration: Germany's commitment to renewable energy has led to a 35% increase in biomass-based CHP installations. Solar thermal integration with CHP systems has grown by 25% annually, with over 2,000 hybrid installations completed by 2023, demonstrating the market's shift toward sustainable solutions.

Flat glass and glass products are key materials throughout downstream industrial and construction markets, with glass bottles and containers also widely used by food and beverage manufacturers. Glassmakers across Europe rely on activity in these downstream markets, with high fixed costs associated with glass production dictating that small changes in output can substantially impact profitability. Revenue is forecast to decline at a compound annual rate of 5.3% to £72.5 billion over the five years through 2024. Glassmakers have endured a difficult period in recent years, starting with the pandemic, when operational disruption was compounded by the impact of lockdown measures on key downstream industrial markets to spur a reduction in output. Following the easing of pandemic-related restrictions, glassmakers reaped the rewards of the release of pent-up demand in downstream markets, though keeping pace with the sudden jump in demand remained a challenge. Such excesses in demand were symptomatic of the wider industry and the economy as a whole, with key raw materials proving harder to come by and energy prices spiking as natural gas reserves were depleted. Russia’s invasion of Ukraine has exacerbated cost increases, with soaring natural gas prices leading to significant price hikes among glassmakers in 2022 as they sought to maintain output amid unsustainable cost increases. Despite easing, cost pressures remain as the war in Ukraine rumbles, maintaining high prices. A widespread economic slowdown across the continent has added to difficulties faced by glassmakers, with the effects of reduced downstream industrial production activity damaging demand. Industry revenue is expected to drop by 2.7% in 2024. Demand conditions are likely to remain sluggish in the short term, albeit despite picking up as economic growth slowly gathers pace. Revenue is forecast to rise at a compound annual rate of 3.3% to £85.2 billion over the five years through 2029. Natural gas prices will remain high and potentially volatile until the Russia-Ukraine is resolved, threatening to plunge glassmakers back into crisis. More stringent building efficiency standards and efforts to tackle housing shortages in key downstream construction markets, including the UK, France and Germany, boost demand prospects from downstream construction markets.

The German refined petroleum products market, valued at approximately €150 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) exceeding 4% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the ongoing recovery of the automotive sector post-pandemic, coupled with a sustained increase in air travel, significantly boosts demand for automotive, aviation, and marine fuels. Secondly, the increasing adoption of LPG for residential and commercial heating, particularly in regions with limited access to natural gas pipelines, further propels market expansion. While the shift towards renewable energy sources presents a long-term constraint, its impact is currently mitigated by Germany's continued reliance on petroleum products for transportation and industrial applications. The market is segmented into automotive fuels (largest share), marine fuels, aviation fuels, LPG, and other products. Major players, including Rosneft Deutschland GmbH, Eni SpA, and BP PLC, compete fiercely, engaging in strategic investments to enhance refining capacities and diversify their product portfolios. However, stringent environmental regulations aimed at reducing carbon emissions pose a significant challenge. The German government's commitment to decarbonization, including ambitious targets for renewable energy integration, exerts downward pressure on the long-term growth trajectory of refined petroleum products. The market's future success hinges on the industry's ability to adapt to these regulatory changes, potentially through investments in cleaner fuels and technologies, such as biofuels and carbon capture. Furthermore, fluctuations in global crude oil prices and geopolitical instability remain unpredictable risks that could impact market stability. Despite these challenges, the considerable existing infrastructure and continued demand in various sectors ensures a sustained, albeit potentially moderated, growth for the German refined petroleum products market in the forecast period. Recent developments include: September 2022: The German government announced that it is temporarily controlling two subsidiaries of the Russian energy giant Rosneft, including Rosneft Deutschland GmbH and RN Refining & Marketing GmbH. The move by the government puts it in charge of Rosneft's stakes in three refineries in the country. This includes a key facility in the northeast of the country, which supplies around 90% of Berlin's fuel and in which Rosneft held a majority stake., August 2022: Evonik Industries AG announced plans to diversify its energy sources at its manufacturing sites in Germany to make it less dependent on natural gas. The most significant measure is being implemented at Evonik's largest German site in Marl. In the new gas-fired power plant, liquefied petroleum gas (LPG) will be used instead of natural gas to generate energy.. Notable trends are: Surging Consumption of Refined Petroleum Products.