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: 27.05.2026 Expectation: 700 pips
Buying EURUSD in anticipation of Fed and ECB policy moves
Yesterday at 11:34 AM 23
Period: 15.05.2026 Expectation: 1000 pips
SPX sell-off comes into play on technical pullback
Yesterday at 10:49 AM 19
Period: 31.05.2026 Expectation: 800 pips
Investing in EURUSD with 1.1780 target
Yesterday at 10:49 AM 13
Period: 04.05.2026 Expectation: 2100 pips
SPX may run into profit-taking near record highs with earnings on deck
Yesterday at 10:10 AM 13
Gold buy
Period: 11.05.2026 Expectation: 120 pips
Buying gold with $4,850 in view
Yesterday at 09:32 AM 42
Period: 04.05.2026 Expectation: 3560 pips
Silver stages recovery after sell-off on Middle East turmoil
Yesterday at 06:47 AM 27
Go to forecasts