The forecast for natural gas availability for final consumption in the UK from 2024 to 2028 shows a gradual decline. In 2023, the availability was higher than the forecasted 1.5587 million terajoules in 2024, indicating a downward trend. The year-on-year percentage variation indicates a steady decrease in availability of approximately 0.95% annually. The compound annual growth rate (CAGR) over the forecast period suggests an average annual decline of around 0.95% from 2024 to 2028.
Future trends to monitor include:
- Development of renewable energy sources and their impact on natural gas demand.
- Changes in energy policies and regulations affecting natural gas supply and consumption.
- Technological advancements in energy efficiency and their implications for natural gas usage.
- Market dynamics, including global natural gas prices and supply chain disruptions.