In 2023, the natural gas energy supply in the UK was recorded at approximately 65.15 Million Tonnes of Oil Equivalent. From 2024 to 2028, it is forecasted to gradually decline from 64.76 to 63.27 MTOE. This reflects a year-on-year decrease of about 0.60% to 0.65%. The five-year Compound Annual Growth Rate (CAGR) indicates an average annual decline in supply.
Future trends to watch for:
- Potential shifts in UK energy policies affecting natural gas demand.
- Technological advancements impacting energy efficiency or alternative energy sources.
- Market developments impacting global natural gas prices and supply chains.
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