In 2023, UK gas production stood at 1.35 Exajoules. From 2024 to 2028, forecasts show a steady year-on-year increase, with gas production expected to rise from 1.37 to 1.43 Exajoules. This represents a Compound Annual Growth Rate (CAGR) of approximately 1.1% over the five-year period.
Future Trends to Watch:
- Technological advancements in extraction and production methods.
- Environmental policies and regulations impacting domestic production levels.
- Fluctuations in global markets affecting the UK's export potential and domestic demand.
