The total support for natural gas in the UK is forecasted to steadily decline from 5.65 billion USD in 2024 to 5.39 billion USD by 2028. This represents an approximate annual decrease of around 1.2% per year over the five-year period. This decline is influenced by ongoing policy changes, energy transition strategies, and efforts to reduce reliance on fossil fuels.
Future trends to watch for include:
- Evolving government policies targeting carbon emission reductions and increased support for renewable energy sectors.
- Technological advancements in energy efficiency and alternative energy technologies potentially accelerating the decline in support for natural gas.
- Market dynamics such as fluctuating global natural gas prices impacting the fiscal support needed domestically.
