In 2023, the UK's Liquefied Petroleum Gases (LPG) Gross Available Energy stood at 152.44 thousand tonnes of oil equivalent. Forecasted data from 2024 to 2028 indicates a consistent upward trend, with values increasing each year from 182.19 to 300.39 thousand tonnes. The year-on-year growth highlights a steady increase, with the compound annual growth rate (CAGR) over this period reflecting the sector's expansion rate.
Future trends to watch for include:
- The impact of energy policies aimed at reducing carbon emissions and how they might influence LPG demand.
- Technological advancements in LPG utilization that could improve efficiency and broaden its applications.
- Market shifts in supply chain dynamics, considering geopolitical factors affecting energy imports and exports.
