Forecast: Natural Gas Liquids Gross Inland Consumption in the UK

In 2023, the UK's Natural Gas Liquids gross inland consumption stood at 2.75 million tonnes of oil equivalent. From 2024, a consistent downward trend is forecasted with a year-on-year decline in consumption: 2.7 million tonnes in 2024 (-1.8%), 2.63 million tonnes in 2025 (-2.6%), 2.55 million tonnes in 2026 (-3.0%), 2.47 million tonnes in 2027 (-3.1%), and 2.4 million tonnes in 2028 (-2.8%). The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average annual decrease of 2.66% in gross inland consumption.

Future trends to monitor include:

  • Policies encouraging renewable energy adoption may further decrease natural gas liquids demand.
  • Technological advancements enhancing energy efficiency.
  • Evolving industrial and consumer preference towards more sustainable alternatives impacting consumption patterns.

Top Countries about NGL