The forecasts for the import of coal gas and water gas to the UK indicate a steady increase from 2024 to 2028, with values rising consistently each year. The anticipated year-on-year growth rates highlight an escalating trend in import volumes, averaging a compound annual growth rate (CAGR) over the five-year period. In 2023, the imports were slightly below the forecasted 2024 figures, suggesting a positive growth trajectory initiated this year.
Future trends to watch for include:
- Global shifts in energy policies and the move towards cleaner energy sources may impact imports.
- Technological advancements in gas extraction and transportation could affect supply chains.
- Economic factors, including changes in exchange rates and trade agreements post-Brexit, might influence import dynamics.
- Monitoring domestic production capabilities in parallel with import data could provide deeper insights into the UK's energy strategy.
