The forecasted data for Natural Gas Liquids (NGL) production in the UK shows a consistent decline from 2024 to 2028. Starting at 58.72 thousand barrels per day in 2024, the production is expected to decrease annually, reaching 45.22 thousand barrels by 2028. This represents a year-on-year negative growth rate, with an average compound annual growth rate (CAGR) indicative of a decreasing trend over the five-year period.
Looking ahead, key trends to watch include technological advancements that could impact extraction and production efficiency, regulatory changes, and global market dynamics influencing demand and pricing for NGLs. These factors could potentially alter the forecasted downward trend in the UK’s NGL production.
