Forecast: Natural Gas Liquids Production in the UAE

The UAE's Natural Gas Liquids (NGL) production has displayed fluctuating trends over the years. Actual data shows production at 672.96 Thousand Barrels Per Day (Tbpd) in 2023. There was a noticeable decline between 2017 and 2020, with the lowest year-on-year change occurring in 2020 at -4.87%. However, a recovery began from 2021, leading to a 2.55% year-on-year increase in 2023. The last five-year CAGR to 2023 is 2.31%.

Future projections indicate steady growth, moving from 689.61 Tbpd in 2024 to 755.35 Tbpd in 2028. The forecasted five-year CAGR is 1.84% with an overall growth rate of 9.53% for this period. Key trends to watch include potential market shifts, technological advancements in extraction, and geopolitical factors that could impact supply and demand dynamics.