In 2023, the import value of natural gas in gaseous state to the UK was $14.120 billion. Forecasts indicate a steady increase in imports from 2024 to 2028, with values rising from $14.638 billion to $16.684 billion.
Year-on-year variation shows a consistent growth with annual increases of approximately 3.6% to 3.9%. Over a five-year period, the Compound Annual Growth Rate (CAGR) is projected at roughly 3.7%.
Future trends to watch for include:
- Global energy transitions influencing gas demand and pricing.
- Potential shifts towards renewable energy impacting long-term natural gas imports.
- Regulatory changes or new bilateral agreements affecting import dynamics.