In 2023, the UK's tax expenditure on natural gas stood at 5.72 billion USD. The forecast for 2024 is 5.65 billion USD, decreasing each year to 5.38 billion USD by 2028. This represents a consistent year-on-year reduction, indicating a decline in tax expenditures on natural gas. The compound annual growth rate (CAGR) over the forecast period 2024-2028 suggests an average annual decrease of approximately 1.0%.

Future trends to watch for include:

Potential policy shifts towards renewable energy impacting natural gas tax expenditures.
Economic factors and market demand fluctuations influencing the natural gas sector.
Impacts of technological advancements in energy efficiency affecting gas consumption patterns.