In 2023, the UK's industry sector consumed approximately 7.4 Million Tonnes of Oil Equivalent (Mtoe) of natural gas. The forecasted data from 2024 to 2028 indicates a slight decline in consumption, with a 1.5% year-on-year decrease in 2025 and similar reductions of about 1.5% annually in the subsequent years, culminating in a 5-year Compound Annual Growth Rate (CAGR) of -1.5%.
Future trends to watch for:
- Continued emphasis on renewable energy may accelerate the decline in natural gas consumption in the industrial sector.
- Technological advancements and energy-efficiency measures could alter these projections.
- Policy changes related to energy transition and carbon emissions could significantly impact natural gas usage.