The total support for natural gas in Canada stood at $776.92 million in 2023, showing forecasted declines from 2024 to 2028. The anticipated year-on-year decreases are approximately 2.15% from 2024 to 2025, and continuing to decrease by similar margins until reaching $697.8 million in 2028, totaling a CAGR of roughly -2.18% over the five-year period. The declining trend suggests potential shifts in energy policies, market dynamics, or transitions towards renewable energy sources.
Future trends to watch for:
- Transition towards renewable energy impacting natural gas support.
- Policy changes promoting carbon reduction.
- Global energy market fluctuations influencing domestic strategies.
