In the last decade, natural gas liquids (NGL) production in Mexico has seen a consistent year-on-year decline, dropping from 359.9 thousand barrels per day in 2013 to 141.61 thousand barrels per day in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was negative, averaging a steep -9.88%. The annual decrease accelerated notably in the recent years, from -16.97% in 2021 to -11.43% in 2023.
Looking forward, the forecast indicates a continued decline with production expected to reach just 51.57 thousand barrels per day by 2028. The 5-year forecasted CAGR is an even more concerning -16.01%, predicting an overall 58.22% reduction from 2023 to 2028.
Future trends to watch for include potential impacts of new governmental policies on energy production, investment in alternative energy sources, and technological advancements that might influence the production capacity and extraction efficiency of natural gas liquids in Mexico.
