In 2023, the total support for natural gas producers in the UK was approximately 2.11 billion USD. The forecast indicates a steady year-on-year increase, with the value expected to reach 2.52 billion USD by 2028. The annual growth rates are projected at around 3.7% for 2024, 3.5% for 2025, 3.3% for 2026, and 3.3% for 2027. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at approximately 3.5%.
Key future trends to watch:
- Regulatory changes impacting production costs and support levels.
- Technological advancements in extraction and production efficiency.
- Shifts in global demand and supply affecting market dynamics.
- Environmental policies influencing investment and development incentives.
