Oil and gas output in Germany projected to decline once more in 2024.
In the latest annual report from the Lower Saxony State Agency for Mining, Energy, and Geology (LBEG), it has been revealed that Germany's natural gas production decreased in 2025. The report, sourced from ntv.de and dpa, states that the annual production declined by 3.7% to 4.4 billion cubic meters, marking a decrease from 4.537 billion cubic meters in the previous year.
The report also indicates that the decline in German oil and gas production continues into 2025, with the decrease in natural gas production from 2024 to 2025 being from 4.4 billion cubic meters to 4.363 billion cubic meters. This decrease in production is significant, as it represents a difference of 0.067 billion cubic meters.
As of January 1, there were 34.7 billion cubic meters of natural gas reserves classified as proven or probable, a decrease of 0.9 billion cubic meters compared to the previous year. The natural gas storage facilities had a capacity of 22.6 billion cubic meters in 2025, remaining unchanged from the previous year.
The reasons for the decrease in production are not explicitly stated in the report, but factors such as depletion of existing reserves, lack of new discoveries, technological challenges, and regulatory or environmental constraints could potentially play a role. Economic conditions, such as changes in global demand or prices, may also influence production levels.
The decline in production can lead to concerns about future supply security, as reserves are being depleted faster than they are being replenished. Reduced production can exacerbate existing supply-demand imbalances, potentially leading to increased reliance on imports or alternative energy sources.
For more specific details about the LBEG report and its findings on German oil and gas production in 2024, it is recommended to consult the official LBEG publications or contact them directly for more information. The 2025 annual report is the successor to the 2024 report, providing updated data on German oil and gas production for the year 2025.
The implications of the decline in German oil and gas production, as stated in the latest LBEG report, could impact the country's employment policy, particularly in the oil-and-gas industry, given the potential job losses due to depleting reserves. Financial institutions might also need to update their industry projections, considering the reduced production and implications for future energy supply.
