India's natural gas liquids production has shown substantial volatility from 2013 to 2023. The production fluctuated with years of decline and growth, reaching a peak in 2019 at 173.99 thousand barrels per day before plummeting to 128.2 thousand barrels per day in 2022. From this low, a modest recovery to 129.36 thousand barrels per day occurred in 2023. The most recent CAGR over the last five years stands at -5.75%, indicating a downward trend.
Looking ahead to the forecasted period (2024-2028), slight annual growth is projected with a forecasted CAGR of 0.53%, predicting a total growth rate of 2.7% by 2028. This suggests a stabilizing trend with minor increases in production each year.
Future trends to watch for include:
• Investment in sustainable energy and its impact on natural gas liquids production.
• Changes in global demand and India's export-import policies.
• Technological advancements in extraction and production methods.
