The forecast for direct transfer on natural gas for fossil fuel production in Canada indicates a progressive increase from $1.1 billion in 2024 to $1.79 billion by 2028. The trend suggests consistent growth, with a compound annual growth rate (CAGR) reflecting steady demand and investment in the sector. Though 2023 figures are unspecified, the forecast exemplifies robust year-on-year growth, peaking at over 16% from 2027 to 2028.
Future trends to watch for include:
- Potential regulatory changes, impacting investments and subsidies.
- Technological advancements in natural gas extraction and processing.
- Market responses to global shifts towards renewable energy sources.
