The volume of gas pipeline national transport in Canada in 2023 stood at 78.54 million metric tons. Historical data from 2013 to 2023 reveals a fluctuating trend, with notable drops in 2016 and 2020. In the last two years, growth rates have been moderate, with a 5.64% increase in 2022 and a mere 0.35% increase in 2023. The average annual growth rate (CAGR) over the past five years has been relatively flat at 0.019%.
Future trends suggest a modest growth trajectory with forecasts indicating a 0.3% average annual growth (CAGR) over the next five years, leading to a total growth rate of 1.51% by 2028. Key elements to monitor include technological advances in pipeline infrastructure, regulatory changes, and shifts in energy consumption patterns. Additionally, the impact of environmental policies and alternative energy sources might influence future volumes.
