German oil and gas production fell in 2023 compared to a year earlier, with calls for the country to reduce its dependence on LNG imports growing louder.
German oil and gas production fell again in 2023 compared to 2022, industry association BVEG said on Tuesday, calling for increased domestic production to reduce dependence on more emissions-generating LNG imports. Last year, Germany ’s oil production dropped by 5.9% year-over-year, while natural gas output slumped by 10.4%. The share of domestic gas supply of total German supply was 5.7%, while domestic oil production met about 2.2% of Germany ’s oil consumption in 2023, figures by BVEG showed.
The BVEG association groups the companies operating in Germany, including the local affiliates and joint ventures of ExxonMobil, Shell, Neptune Energy, and Wintershall Dea, among others. Politicians must commit to decarbonization and at the same time to continuous domestic production, Möhring said. Germany has faced two difficult years scrambling to secure gas supply with energy prices spiking after the Russian invasion of Ukraine and the halt of Russian pipeline gas exports to Germany.
Crude Oil Natural Gas Production LNG Natural Gas Imports Energy RWE
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