The forecast for UK natural gas production from 2024 to 2028 indicates a consistent decline. Specifically, production in 2024 is anticipated at 1.1314 million terajoules, reducing to 0.91524 million terajoules by 2028. In 2023, production stood marginally higher than 2024's estimate. The year-on-year percentage variations show a decreasing trend as follows: a fall of approximately 4.9% in 2025, 5.1% in 2026, 5.3% in 2027, and 5.4% in 2028. The compound annual growth rate (CAGR) is approximately -5.12%, reflecting a notable decline over the five-year period.
Future trends to watch include potential policy shifts towards renewable energy, technological advancements in extraction methods, and environmental regulations which could impact production levels. Market dynamics such as global demand fluctuations and geopolitical events could also influence future forecasts.
