The UK's gross inland consumption of natural gas is showing a consistent downward trend from 2024 to 2028, beginning at 64.99 million tonnes of oil equivalent in 2024 and declining to 63.46 million tonnes by 2028. This represents an overall decrease of about 2.4% over the five-year period. If we were to consider a Compound Annual Growth Rate (CAGR), it indicates an average annual decrease aligning with the gradual reduction observed year-on-year.
In 2023, the earlier data suggested that consumption was slightly higher, creating a backdrop for the observed forecasts. Key factors to monitor would be the UK's ongoing energy transition policies, technological advancements in energy efficiency, and geopolitical variables that could further influence natural gas demand.
