Forecast: Gas Production in Vietnam

Vietnam's gas production has experienced fluctuations over the past decade, with a peak in 2016 at 0.37 Exajoules and a noticeable decline to 0.28 Exajoules in 2023. The most recent analysis indicates a -2.14% year-on-year decrease from 2022 to 2023 and a compound annual growth rate (CAGR) of -4.6% over the last five years. The future forecasted data suggests a continued decline to 0.25 Exajoules by 2028, with a forecasted 5-year CAGR of -1.38%.

Future trends to watch for include:

• Potential development of new gas fields or increased investment in gas exploration could alter the declining trend.
• Impact of governmental policies aimed towards energy transition which could affect production dynamics.
• Technological advancements in gas extraction and production processes might influence future supply levels.