The share of natural gas in the UK's energy sectors final consumption is forecasted to grow steadily from 2024 to 2028, from 38.18% to 38.87%. Year-on-year increases are consistent but modest, indicating a stable reliance on natural gas. Notably, in 2023, this share was 38.00%, showing a slight upward trend over the past few years. The 5-year CAGR in the forecast period is positive, reflecting a gradual but determined growth.
Future trends to watch for:
- Policy changes impacting fossil fuel reliance.
- Technological advancements in renewable energy.
- Market responses to global energy demand shifts.
- Economic considerations, particularly concerning energy costs and efficiency improvements.