In 2023, Canada's gas consumption stood at 11.8 billion cubic feet per day. Forecasted gas consumption data for the period from 2024 to 2028 shows a gradual increase from 11.94 to 12.5 billion cubic feet per day. The year-on-year growth rates are approximately 1.17% from 2024 to 2025, 1.16% from 2025 to 2026, 1.14% from 2026 to 2027, and 1.14% from 2027 to 2028. The compound annual growth rate for the 2024 to 2028 period is estimated at 1.15%.
Future trends to watch for:
- Shift towards more sustainable energy sources impacting gas demand.
- Advancements in technology potentially affecting consumption efficiency.
- Economic and policy developments influencing energy markets and consumption patterns.
