In analyzing the forecast for the UK's natural gas energy supply from 2024 to 2028, the data indicates a slight downward trend. The supply value for 2024 is 753.1 thousand gigawatthours, declining gradually each year to 735.8 thousand gigawatthours by 2028. When examining the year-on-year variation, there's an average annual decrease of about 0.65% over this period.
For context, the natural gas energy supply stood at 757.6 thousand gigawatthours in 2023. Comparing the 2024 values to that of 2023 indicates a decrease of approximately 0.6%. Looking at the changes from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is approximately -0.57%, showing a consistent, albeit slight, decline in supply over the years.
Future trends to watch for:
- Impact of renewable energy growth reducing reliance on natural gas.
- Changes in government policy affecting natural gas production and importation.
- Technological advancements in energy efficiency and storage capabilities.
- Global market dynamics influencing natural gas supply and prices.
