In 2023, the UK natural gas liquids energy supply stood at 116.88 thousand terajoules. From 2024 to 2028, a downward trend is forecasted, with the supply decreasing by an annual average of 1.83%. The most significant yearly decline of 2.99% is expected between 2024 and 2025. Following this, a consistent reduction continues with an estimated supply of 100.5 thousand terajoules projected by 2028, indicating a gradual decline in market size.
Future trends to watch for include:
- The impact of renewable energy adoption influencing natural gas liquids demand.
- Government policies and regulations aimed at carbon reduction could further impact supply trends.
- Technological advances in energy efficiency that could affect consumption patterns.