Natural Gas Liquids (NGL) production in Argentina has shown a fluctuating trend from 2013 to 2023. The production value stood at 123.31 Thousand Barrels Per Day in 2023, showing minor growth compared to the previous year with a year-on-year increase of just 0.045%. Over the past five years, the Compound Annual Growth Rate (CAGR) has gradually improved, reaching 3.9% in 2023. This indicates a positive trend in production, reflecting recent investments and advancements in extraction technologies.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady but modest growth in NGL production, with a forecasted 5-year CAGR of 0.77% translating to an overall growth rate of 3.92% by 2028. This indicates a stable production environment with slightly improving output levels.
Future trends to watch include technological advancements in extraction methods, regulatory changes, and fluctuations in global oil and gas prices, which could significantly impact production volumes. Additionally, any new discoveries or investments in the sector could alter these projections.
