The volume of gas pipeline international transport delivered domestically in Canada was recorded at 54.5 million metric tons in 2023. Based on the forecasted data, there is a consistent decline from 2024 to 2028. Specifically, the year-on-year variation shows a decline: 0.72% from 2024 to 2025, 0.71% from 2025 to 2026, and 0.70% from 2026 to 2027. By 2028 the volume is forecasted to drop to 52.42 million metric tons, marking a gradual decline over the upcoming years, with a five-year CAGR indicating a slight annual decrease.
Future trends to watch for:
- Impact of environmental policies on fossil fuel consumption.
- Advancements and shifts towards renewable energy sources.
- Geopolitical factors potentially affecting gas supply and demand dynamics.
- Technological advancements in pipeline infrastructure and transport efficiency.
