In 2023, the UK’s natural gas exports stood at 69.85 Thousand Gigawatthours. The forecasted data suggests a gradual decline, with exports expected to decrease to 67.01 in 2024, 64.33 in 2025, 61.71 in 2026, 59.14 in 2027, and 56.62 in 2028. This data reveals a consistent year-on-year decline in exports by the following percentages: approximately 4.1% from 2023 to 2024, 4.0% from 2024 to 2025, 4.1% from 2025 to 2026, 4.2% from 2026 to 2027, and 4.3% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five years is approximately -4.1%.
Future trends to watch for include potential shifts in global energy policies favoring renewable sources, advancements in natural gas extraction technology, geopolitical changes impacting trade agreements, and market demand fluctuations driven by economic growth or recession. These factors could either mitigate or amplify the downward trend in natural gas exports from the UK.
