The forecasted natural gas liquids production in Norway is expected to rise from 8.49 million tonnes of oil equivalent (Mtoe) in 2024 to 9.05 Mtoe in 2028. This indicates a steady annual growth rate, with year-on-year increases of approximately 1.65% between 2023 and 2024, 1.65% between 2024 and 2025, 1.62% between 2025 and 2026, 1.58% between 2026 and 2027, and 1.57% between 2027 and 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 1.61% per annum.
Future trends to watch for include technological advances that can enhance extraction efficiency, shifts in global demand for natural gas, and policy changes in Norway and Europe that could impact production levels. These factors will play a crucial role in shaping the trajectory of natural gas liquids production in the coming years.
