Over the last decade, the UK's domestic extraction of natural gas has shown some variability. From 2013 to 2018, the trend was mixed, with periods of slight increases and subsequent declines. However, from 2019 onwards, a clear downward trend is evident, with year-on-year variations consistently negative, culminating in a forecasted 4.2% decline by 2023. The compound annual growth rate (CAGR) over the last five years will continue this pattern, forecasted to be -4.12% by 2028, depicting a continual decline in extraction rates.
Future Trends to Watch: As the UK moves towards cleaner energy sources, the domestic extraction of natural gas is likely to decrease further. Monitoring policy changes, advancements in renewable energy technologies, and global energy market dynamics will be crucial for accurate future forecasting.
