The production of Natural Gas Liquids (NGL) in Brazil has experienced a fluctuating trend over the past decade. Between 2013 and 2017, there was a notable growth, with peaks in 2016 and 2017 at 97.45 and 109.52 thousand barrels per day, respectively. However, post-2017, production declined, with significant drops in 2020 and 2021. For the year 2023, the production value stood at 85.71 thousand barrels per day. Year-on-year and CAGR variations show short-term reductions and a long-term moderate decline since 2018.
Future trends suggest a stabilization in production levels with slight increases, projected by a forecasted 5-year CAGR of 0.25% and a growth rate of 1.26% by 2028. This indicates that Brazil's NGL production is expected to slowly recover and stabilize over the next few years.
Future trends to watch for:
- Technological advancements in extraction and processing to boost efficiency.
- Government policies and regulatory changes impacting the energy sector.
- Market demand fluctuations and global energy price influences.
