The gross inland consumption of Natural Gas Liquids (NGLs) in the UK is projected to decline from 113.25 in 2024 to 100.5 by 2028. Year-on-year, this represents a decrease of approximately 3% on average. This downward trend suggests a consistent reduction in NGL usage. Looking back, consumption in 2023 stood slightly higher than projected 2024 levels, indicating a shift towards decreased reliance on these energy sources. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) shows a negative growth pattern, further emphasizing this decline.
Future trends to watch for include the potential impact of renewable energy adoption on NGLs consumption, policy-driven shifts towards sustainable energy sources, and technological advancements that may alter the energy landscape. Monitoring these factors will be crucial to understanding long-term consumption patterns.
