- Natural Gas Liquids (NGL) Production refers to the total volume of liquid hydrocarbons recovered from natural gas during production and processing within a given year.
Venezuela Natural Gas Liquids Production was 44.00 Thousand Barrels Daily in 2023, down 6.4% on 2022. The Natural Gas Liquids (NGL) Production dataset of Venezuela from 2015 to 2023 provides a clear and consistent view of the country's NGL production landscape, highlighting output trends, production levels, supply changes, industry performance, and annual market developments over the review period.
Venezuela Natural Gas Liquids Production moved from 117 Thousand Barrels Daily in 2015 to 44.00 Thousand Barrels Daily in 2023 (−62.4%), an average of −11.5% a year. The series high was 117 Thousand Barrels Daily in 2015 and the low 44.00 Thousand Barrels Daily in 2023.
The gap between the series high (2015) and low (2023) is 73.00 Thousand Barrels Daily. The sharpest single-year move was −35% in 2020.
Among the 27 countries in this dataset, Venezuela ranks 22 for 2023, behind U.S. (6,431 Thousand Barrels Daily) and Saudi Arabia (1,780 Thousand Barrels Daily). It accounts for 0.3% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 Trough | 44.00 | −6.4% |
| 2022 | 47.00 | −4.1% |
| 2021 | 49.00 | −5.8% |
| 2020 | 52.00 | −35% |
| 2019 | 80.00 | −9.1% |
| 2018 | 88.00 | −15.4% |
| 2017 | 104 | −1% |
| 2016 | 105 | −10.3% |
| 2015Peak | 117 | — |
Regional context
Natural Gas Liquids Production by country, 2023, Thousand Barrels Daily. Venezuela is highlighted.
Data definition
Natural Gas Liquids Production — - Natural Gas Liquids (NGL) Production refers to the total volume of liquid hydrocarbons recovered from natural gas during production and processing within a given year. It is typically measured in thousand barrels per day (kb/d) and includes hydrocarbons that are separated from natural gas streams because they condense into liquids under normal surface conditions. Major components include ethane, propane, butane, isobutane, and natural gasoline (pentanes plus). This indicator reflects a country's capability to recover valuable liquid hydrocarbons from natural gas production and is widely used to assess upstream gas processing activity, hydrocarbon resource utilization, and supply of feedstocks for petrochemical, heating, and transportation applications.
The data includes the production of all major natural gas liquids recovered from natural gas processing plants and field separation facilities, including ethane, propane, normal butane, isobutane, and natural gasoline (pentanes plus). It covers NGLs produced from both associated gas (produced alongside crude oil) and non-associated natural gas fields. Production from onshore and offshore operations is included, and the indicator reflects volumes recovered before further refining or fractionation into individual products. The data is compiled using standardized international energy reporting methodologies based on national production statistics and industry sources, enabling consistent comparison of NGL production across countries and over time.
The data excludes dry natural gas (methane) that remains in the gas stream after NGL extraction, as well as crude oil, lease condensate, refined petroleum products, liquefied natural gas (LNG), and liquefied petroleum gas (LPG) produced through refinery processing rather than direct natural gas recovery. It also excludes synthetic liquid fuels derived from coal, biomass, or gas-to-liquids (GTL) technologies unless explicitly included in the reporting methodology. The indicator does not measure NGL consumption, reserves, imports, exports, storage, or petrochemical production. Minor differences may occur due to variations in national reporting standards, processing technologies, product classifications, and estimation methodologies across countries.
Natural Gas Liquids Production — - Natural Gas Liquids (NGL) Production refers to the total volume of liquid hydrocarbons recovered from natural gas during production and processing within a given year. It is typically measured in thousand barrels per day (kb/d) and includes hydrocarbons that are separated from natural gas streams because they condense into liquids under normal surface conditions. Major components include ethane, propane, butane, isobutane, and natural gasoline (pentanes plus). This indicator reflects a country's capability to recover valuable liquid hydrocarbons from natural gas production and is widely used to assess upstream gas processing activity, hydrocarbon resource utilization, and supply of feedstocks for petrochemical, heating, and transportation applications.
Measured in thousand barrels daily, the dataset reflects total NGL production and serves as an important indicator of natural gas processing activity, hydrocarbon resource utilization, investment trends, and the overall performance of Venezuela's energy sector. The dataset supports assessment of production trends, supply performance, and long-term developments within the country's natural gas industry.
Venezuela produced 117 thousand barrels daily of NGLs in 2015 before declining to 105 thousand in 2016 and 104 thousand in 2017. Production fell further to 88 thousand barrels daily in 2018 and 80 thousand in 2019. Output declined sharply to 52 thousand barrels daily in 2020 before decreasing to 49 thousand in 2021, 47 thousand in 2022, and 44 thousand barrels daily in 2023. The continuous decline reflects reduced natural gas processing activity, lower upstream production, operational challenges, and limited investment across the energy sector.
Overall, the dataset illustrates a sustained downward trend in Venezuela's NGL production throughout the review period. Production in 2023 was substantially lower than in 2015, highlighting the long-term contraction of the country's natural gas processing industry. Despite possessing significant hydrocarbon resources, restoring production will depend on renewed investment, infrastructure modernization, and improved operational efficiency across the upstream and midstream sectors.
The dataset serves as a valuable resource for monitoring national NGL production performance, evaluating supply trends, assessing upstream investment, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.
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Definition- Natural Gas Liquids (NGL) Production refers to the total volume of liquid hydrocarbons recovered from natural gas during production and processing within a given year. It is typically measured in thousand barrels per day (kb/d) and includes hydrocarbons that are separated from natural gas streams because they condense into liquids under normal surface conditions. Major components include ethane, propane, butane, isobutane, and natural gasoline (pentanes plus). This indicator reflects a country's capability to recover valuable liquid hydrocarbons from natural gas production and is widely used to assess upstream gas processing activity, hydrocarbon resource utilization, and supply of feedstocks for petrochemical, heating, and transportation applications.
Venezuela Natural Gas Liquids Production was 44.00 Thousand Barrels Daily in 2023, down 6.4% on 2022.
Venezuela Natural Gas Liquids Production moved from 117 Thousand Barrels Daily in 2015 to 44.00 Thousand Barrels Daily in 2023 (−62.4%), an average of −11.5% a year. The series high was 117 Thousand Barrels Daily in 2015 and the low 44.00 Thousand Barrels Daily in 2023.
The highest value was 117 Thousand Barrels Daily in 2015 and the lowest was 44.00 Thousand Barrels Daily in 2023.
Included: The data includes the production of all major natural gas liquids recovered from natural gas processing plants and field separation facilities, including ethane, propane, normal butane, isobutane, and natural gasoline (pentanes plus). It covers NGLs produced from both associated gas (produced alongside crude oil) and non-associated natural gas fields. Production from onshore and offshore operations is included, and the indicator reflects volumes recovered before further refining or fractionation into individual products. The data is compiled using standardized international energy reporting methodologies based on national production statistics and industry sources, enabling consistent comparison of NGL production across countries and over time. Excluded: The data excludes dry natural gas (methane) that remains in the gas stream after NGL extraction, as well as crude oil, lease condensate, refined petroleum products, liquefied natural gas (LNG), and liquefied petroleum gas (LPG) produced through refinery processing rather than direct natural gas recovery. It also excludes synthetic liquid fuels derived from coal, biomass, or gas-to-liquids (GTL) technologies unless explicitly included in the reporting methodology. The indicator does not measure NGL consumption, reserves, imports, exports, storage, or petrochemical production. Minor differences may occur due to variations in national reporting standards, processing technologies, product classifications, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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