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: 12.06.2026 Expectation: 400 pips
Invest in Brent crude up to $102
Today at 11:41 AM 18
Period: 12.06.2026 Expectation: 600 pips
AUDCAD has no clear direction amid de-escalating geopolitical tensions
Today at 10:58 AM 15
Period: 05.07.2026 Expectation: 2400 pips
Buying USDCAD with 1.41400 target
Today at 09:06 AM 22
Period: 12.06.2026 Expectation: 800 pips
GBPUSD is stuck in flat trend amid Middle East uncertainty
Today at 07:06 AM 14
Period: 11.06.2026 Expectation: 1650 pips
Selling S&P 500 with 7,370 in sight on rising likelihood of Fed’s hawkish policy
Yesterday at 11:51 AM 33
Gold buy
Period: 05.06.2026 Expectation: 290 pips
Buying gold with $4,770 in view
Yesterday at 11:13 AM 59
Go to forecasts