The forecast for the UK's natural gas liquids available for final consumption shows a consistent year-on-year increase from 2024 to 2028, with values rising from 27.71 Gigawatthours to 49.04 Gigawatthours. Comparing 2024 to the previous year, 2023, where values stood at 24.33 Gigawatthours, the forecast signifies a positive growth trajectory. Between 2024 and 2028, the year-on-year percentage increase averages a notable 15-17% annually. The compound annual growth rate (CAGR) over five years underscores a healthy growth rate, reflecting robust demand and likely improvements in production capabilities and energy efficiency.
Future trends to watch for:
- Technological advancements improving extraction and production efficiency.
- Policy shifts impacting energy sector regulations and natural gas investment.
- Environmental concerns driving natural gas as a cleaner alternative to coal and oil.
- Global market fluctuations affecting import and export dynamics.
- Potential economic factors influencing domestic energy demand.
