In 2024, the forecasted gross available energy from natural gas liquids in the UK stands at 113.69 thousand terajoules, down from past levels observed in 2023. The data shows a declining trend in the energy value, with year-on-year decreases of approximately 2.9% from 2024 onwards. This suggests a compounded annual decline rate (CAGR) of about 2.4% over the five-year forecast period until 2028, where energy levels are expected to reach 100.86 thousand terajoules.
Future trends to watch include:
- A continued emphasis on renewable energy sources might further impact the demand for natural gas liquids.
- Potential legislative changes and environmental policies focusing on reducing carbon emissions.
- Technological advancements in natural gas extraction and processing boosting efficiency.
