Compounding Long-term Dividends at 5-7% CAGR
Fundamentals for Natural Gas and NGLs are Robust
Natural Gas and NGL Adoption is Strong Across Emerging Markets, Driving Structural Tailwind
Global Natural Gas Demand (1990-2040)
Global NGL Demand (1990-2040)
(MMboe/d)
90
80
70
60
50
40
30
20
10
90
95
00
05
50
10
15
20
25
30
30
35
55
Natural Gas remains critical for energy
affordability, reliability, and emission reductions.
40
40
(MMBbl/d)
18.0
Asia-Pacific
16.0
Middle East
Africa
FSU
14.0
Europe
I Latin America
12.0
North America
10.0
8.0
6.0
4.0
2.0
ONA
0.0
90
90
95
00 05
10
15
20
20
25
30
35
40
40
Strong global NGL demand growth expected
through 2040, led by Asia.
Sources: Wood Mackenzie; Refinitiv/Reuters; Notes: LPG includes propane and butane; See "Forward-looking Information"
AltaGas
Global Natural Gas and NGL Adoption Continued to Expand
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