From 2024 to 2028, the UK's natural gas gross available energy is forecasted to exhibit a gradual decline. Starting at 64.99 million tonnes of oil equivalent in 2024, it decreases marginally each year, reaching 63.46 million tonnes by 2028. When compared to 2023, which stood at 65.37 million tonnes, the year-on-year decline accentuates a consistent downward trend. With an approximate year-on-year average reduction of 0.59%, this pattern cumulatively results in a five-year CAGR indicating a modest contraction in usage or availability.
Future trends to watch for:
- Shifts in energy policy focusing on renewable sources impacting natural gas demand.
- Technological advancements in energy efficiency potentially reducing natural gas consumption.
- Global energy market fluctuations influencing the UK's natural gas import dynamics.