The forecasted final consumption of coke oven gas in the UK shows a consistent downward trend from 2024 to 2028. Starting at 2.44 thousand terajoules in 2024, it is projected to decrease by approximately 6.15% per year, culminating in 1.85 thousand terajoules by 2028. In 2023, the consumption stood slightly higher, suggesting a steady decline in usage. The compounded annual growth rate (CAGR) is approximately -6.15% over this period, indicating a sustained reduction in demand over the forecasted years.
Future trends to watch for:
- Shift towards sustainable and greener energy alternatives could further accelerate the decline in coke oven gas consumption.
- Technological advancements in energy efficiency might reduce reliance on gas-intensive processes.
- Policy changes promoting reduced emissions could impact these projections significantly.