The gas production in Brazil has displayed varied trends over the years. In 2023, the volume stood at 2.18 billion cubic feet per day. Historically, Brazil saw significant growth rates like 10.97% in 2013 and 12.97% in 2017. However, recent data shows a decline with a -1.8% year-on-year variation in 2023 and a negative CAGR of 2.15% over the last five years. The forecasted data from 2024 onwards predicts a downward trend with the volume expected to decrease to 1.96 billion cubic feet per day by 2028.
Future trends to watch for:
- Potential technological advancements in extraction methods
- Changes in domestic and global energy policy
- Market demand shifts due to economic factors or transition to renewable energy
