In 2023, Canada's liquefied natural gas (LNG) import stood at approximately 110.0 million cubic meters. Forecasts from 2024 to 2028 indicate a steady increase, beginning with 120.0 million cubic meters in 2024, and reaching 140.0 million cubic meters by 2028. Key year-on-year changes show a consistent rise: 0% between 2024 and 2025, followed by 8.3% from 2025 to 2026, and culminating in a 7.7% increase from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is projected to be 5.0%.
Future trends to monitor include global LNG pricing dynamics, which could influence Canada's import levels, and potential regulatory shifts or technological advancements in energy infrastructure that may impact import capacity and efficiency.
