Forecast: Natural Gas Liquids Production in Canada

Canada's natural gas liquids (NGL) production has exhibited steady growth from 514.43 thousand barrels per day in 2013 to 716.43 thousand barrels per day in 2023. The year-on-year variation shows notable fluctuations, with significant increases during 2016 and 2018. The calculated CAGR over the last five years is 2.05%. The forecast anticipates a continued, albeit modest, increase, with expected production reaching 757.4 thousand barrels per day by 2028. The forward-looking five-year CAGR is projected to be 0.89%, suggesting a decelerating rate of growth compared to earlier periods.

Future trends to watch for include:

• Technological advancements in extraction and processing, potentially influencing production efficiency.
• Market demand changes driven by global economic conditions and energy policy shifts.
• Investment levels in infrastructure and development projects, impacting long-term supply capabilities.