In 2023, the total support for natural gas for all beneficiaries or sectors in Canada stood at $691.74 million USD. From 2024 to 2028, forecasts indicate a steady decline in support, dropping from $655.96 million USD in 2024 to $523.81 million USD in 2028. This reflects an annual decrease in value by 5.45% in 2025 from 2024 levels, 5.35% in 2026, 5.56% in 2027, and 5.82% in 2028. The compound annual growth rate (CAGR) between 2024 and 2028 is anticipated to be around -4.9% per year on average.

Future trends to watch for:

Shifts in government policy towards renewable energy could further decrease support for natural gas.
Technological advancements in energy efficiency may reduce the necessity for high natural gas support.
Economic conditions influencing public and private sector investments in natural gas infrastructure.