Natural Gas Liquid (NGL) imports in Canada are projected to increase steadily from 115.55 Thousand Terajoules in 2024 to 134.8 Thousand Terajoules in 2028. In 2023, actual NGL imports stood at 110.76 Thousand Terajoules. This represents a year-on-year expected growth of 4.4% from 2023 to 2024, and an average annual growth rate (CAGR) of approximately 5.1% from 2024 to 2028.
Variation Trends:
- 2024-2025: +4.2%
- 2025-2026: +4%
- 2026-2027: +3.8%
- 2027-2028: +3.6%
Future trends to watch for include potential impacts of regulatory changes, advancements in technology, and shifts in global energy markets. Additionally, keep an eye on sustainable energy developments as they could affect national strategies and overall import demands for NGL in the coming years.
