In 2023, tax expenditure on natural gas for producers in the UK stood at approximately 2.17 billion US dollars in constant 2020 values. From 2024 to 2028, forecasts indicate a steady increase in tax expenditure, starting at 2.26 billion in 2024 and reaching 2.61 billion by 2028. Year-on-year, this equates to growth rates of approximately 4% annually.

Key future trends to watch include:

Potential policy shifts in environmental regulations impacting natural gas taxation.
Fluctuations in global natural gas prices altering expenditure projections.
Technological advancements leading to more efficient gas extraction and lower associated tax expenditures.