Forecast: Natural Gas Liquids Production in Saudi Arabia

Between 2013 and 2023, Saudi Arabia's Natural Gas Liquids (NGL) production exhibited fluctuations but overall sustained a modest growth, moving from 1.52 million barrels per day (mb/d) in 2013 to 1.64 mb/d in 2023. The average year-on-year variation over the last five years was notably low, with a Compound Annual Growth Rate (CAGR) of approximately -1.06%.

In the last two years, production witnessed positive marginal growth: a 4.35% increase in 2022 followed by a 0.7% rise in 2023. Forecasts from 2024 onwards show a steady yet slight upward trend, with a forecasted 5-year CAGR of 0.5%, suggesting production will reach about 1.69 mb/d by 2028.

Future trends to watch:

• Potential impact of global energy policies on natural gas demand.
• Technological advancements in extraction and processing.
• Geopolitical developments affecting regional production dynamics.