Forecast: Import of Petroleum Gases and Other Gaseous Hydrocarbons to the US

The forecast indicates a consistent decline in the import value of petroleum gases and other gaseous hydrocarbons to the US from 2024 to 2028. Starting from 7.0482 billion USD in 2024, the value is expected to decrease annually, settling at 4.6883 billion USD by 2028. This trend suggests a year-on-year decrease in import value, influenced by a combination of factors such as increased domestic production capabilities, shifts in energy consumption patterns, or enhanced energy efficiency practices.

Future trends to watch for include:

  • Technological advancements in renewable energy that may further suppress gas imports.
  • Possible geopolitical developments that could affect global gas supply chains.
  • Changes in regulatory policies promoting clean energy adoption in the US.

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