21 December 2022 | Other

Natural gas production growth in the U.S. and Canada could slow down in 2023

Canada and the U.S. reportedly have every chance of setting new natural gas production records in 2023. However, the task could be complicated by declining demand levels, pipeline bottlenecks and a lack of new liquefied natural gas (LNG) exports.

After Russia partially stopped gas supplies to Europe, the demand for gas has soared worldwide. Thus, the U.S. and Canada are expected to become major LNG exporters over the next few years, with prices only going up. For example, in 2022, the combined production of the two countries is 116 billion cubic feet per day. These are record numbers. 

Production growth in 2023 is projected to be slower compared to previous years. Large production fields in both Canada and the U.S. do not have the pipelines needed to transport gas to key markets. There is a Canadian LNG terminal with sufficient export capacity, however, it will not be completed until 2 years from now.

Company MarketCheese
Period: 08.07.2026 Expectation: 1000 pips
EURUSD exhausts its recovery potential after recent rebound
Today at 08:23 AM 5
Period: 08.07.2026 Expectation: 1500 pips
NVIDIA stocks poised to test fresh lows as investors unwind their positions
Today at 05:48 AM 11
Period: 14.07.2026 Expectation: 5500 pips
Invest in Bitcoin up to $65,000
Yesterday at 11:37 AM 30
Brent sell
Period: 07.07.2026 Expectation: 320 pips
Buying Brent crude on fading risk of global deficit
Yesterday at 11:37 AM 25
Period: 07.07.2026 Expectation: 1250 pips
Go long on SPX with $7,570 target as tech demand is back
Yesterday at 10:56 AM 27
Period: 07.07.2026 Expectation: 11500 pips
Buying ETHUSD with $1,700 in sight amid current liquidity rotation
Yesterday at 09:09 AM 18
Go to forecasts