The forecasted data for natural gas available for final consumption in the UK from 2024 to 2028 suggests a steady decline, from 432.96 TWh in 2024 to 417.08 TWh in 2028. This trend reflects a consistent negative year-on-year percentage variation, indicative of decreased reliance on natural gas. In historical context, the value for 2023 stood above 432.96 TWh, marking the onset of this decline. The compound annual growth rate (CAGR) over the five-year forecast period thus shows an average annual decrease, supporting this trend of reduced consumption.
Future trends to monitor include:
- Impact of energy policies on natural gas usage
- Advancements in renewable energy alternatives
- Market dynamics in relation to geopolitical factors
- Technological innovations enhancing energy efficiency
