In 2023, the UK’s natural gas liquids stock change stood at 263.23 GWh, marking a steady upward trajectory. The forecast for 2024 indicates an increase to 283.15 GWh, representing a 7.6% year-on-year rise. The upward trend continues, with projections for subsequent years showing growth: 7.3% in 2025, 6.7% in 2026, and 6.1% in 2027, reaching 363.51 GWh by 2028. This results in a compound annual growth rate (CAGR) of 6.6% for the 2024-2028 period.
Future trends to watch for:
- Global energy policies and their impact on natural gas pricing.
- Technological advancements in storage and production.
- Economic factors influencing energy consumption patterns in the UK.
