In 2023, the UK's gross inland consumption of natural gas stood at 65.3 million tonnes of oil equivalent. The forecast for 2024-2028 indicates a steady decline from 64.99 to 63.46 million tonnes, reflecting a clear downward trend. The year-on-year decrease is approximately 0.6% to 0.7%. Over this five-year period, the compound annual growth rate (CAGR) signifies an average annual reduction of about 0.6% in natural gas consumption.
Future trends to watch for include the impact of increased governmental and corporate initiatives on renewable energy adoption, improvements in energy efficiency, and potential regulatory changes geared towards reducing carbon emissions, all of which could further influence natural gas consumption patterns in the UK.
