The production of Natural Gas Liquids (NGL) in Indonesia shows a distinct downward trend from 2013 to 2023, with a notable peak in 2014 at 58.21 thousand barrels per day. Following this peak, the production consistently declined at varying rates, reaching 32.12 thousand barrels per day in 2023. Year-on-year variation over the last two years has been minimal, at -2.67% in 2022 and -0.034% in 2023. The compound annual growth rate (CAGR) for the last five years (2019–2023) stands at -2.02%. Future projections indicate a slight continuation of this decline, with a forecasted CAGR of -0.01% over the next five years.
Future trends to watch for:
- Technological advancements and their potential to reverse the declining trend.
- Government policies and incentives directed at boosting NGL production.
- Global energy demand and its impact on NGL production in Indonesia.
- Environmental regulations affecting natural gas extraction and production processes.