In 2023, the UK transformation output of natural gas stood at an actual value. The forecast from 2024 onwards shows a steady increase: from 5.93 thousand gigawatt-hours (TWh) in 2024 to 7.27 TWh by 2028. This indicates a consistent year-on-year growth, with the compound annual growth rate (CAGR) reflecting a healthy escalation over this period.
Future trends to watch for include:
- Technological advancements enhancing efficiency in gas transformation processes.
- Government policies aimed at reducing carbon emissions, potentially impacting natural gas demand.
- Shifts towards renewable energy sources which may affect natural gas reliance and output.