Forecast: Natural Gas Liquids Production in Vietnam

Natural Gas Liquids (NGL) production in Vietnam saw fluctuating trends between 2013 and 2023. Starting at 9.5 thousand barrels per day in 2013, it experienced various ups and downs, peaking at 13.38 thousand barrels per day in 2018. As of 2023, NGL production stood at 11.53 thousand barrels per day. Year-on-year variations indicated instability, with notable increases in 2016 and 2018 and notable decreases in 2015 and 2017. Over the last two years, the average year-on-year variation was minimal, around -1.82%, reflecting a relative stabilization compared to prior years. The 5-year CAGR up to 2023 was -2.94%, suggesting a slight downward trend.

From 2024 onwards, the forecast suggests a stabilization of production at around 11.54 thousand barrels per day up to 2028. Future trends to watch for include potential impacts of new technological advancements, changes in global demand and supply dynamics, and possible policy shifts aimed at enhancing energy efficiency and sustainability.