Saudi Arabia's gas production stood at 122.65 billion cubic meters in 2023, marking a 1.9% year-on-year increase. Over the last two years, the production saw an average annual growth rate of approximately 3.52%. Over the past five years, from 2019 to 2023, the compound annual growth rate (CAGR) was 1.82%.
The forecasted figures indicate that gas production will continue to grow, reaching 136.47 billion cubic meters by 2028, reflecting a 5-year CAGR of 1.7%, and an overall 8.79% growth since 2023.
Future trends to watch for include:
• Technological advancements in extraction and processing methods.
• Shifts in global gas demand influenced by economic and environmental factors.
• Changes in regulatory policies and their impact on production capacity.
• Potential investments in sustainable energy sources and their integration into Saudi Arabia's energy mix.
