In 2023, Canada's gas production stood at 18.65 Billion Cubic Feet Per Day, serving as the baseline for our subsequent analysis. From 2024 to 2028, a consistent upward trend is forecasted: 19.04 (2024), 19.44 (2025), 19.76 (2026), 20.02 (2027), and 20.23 (2028) Billion Cubic Feet Per Day. The year-on-year variations reflect steady growth, with 2024-2025 showing a 2.1% increase, 2025-2026 at 1.6%, 2026-2027 at 1.3%, and 2027-2028 at 1.0%. The compound annual growth rate (CAGR) from 2023 to 2028 stands at approximately 1.6%.
Future trends to watch for include advancements in extraction technologies, regulatory changes, and global market demand shifts. The increasing focus on renewable energy could impact long-term production growth, while geopolitical developments might alter export dynamics.
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