The UK’s natural gas liquids production showed variability from 2013 to 2023. Starting at 2.37 million tonnes of oil equivalent in 2013, it peaked at 3.73 million tonnes in 2017. The most significant annual growth occurred in 2016 with a 27.45% increase. Conversely, 2020 saw a considerable drop of 19.92%, bringing the production level back to 2013 figures. In 2023, the value stood at 2.83 million tonnes, marking a -4.17% year-on-year decrease. The compound annual growth rate (CAGR) over the last five years (2019-2023) was -4.65%, indicating an overall declining trend.

Future trends to watch for include:

The continued decline in production, with an anticipated -4.1% CAGR through 2028.
Potential impacts from policy changes aimed at reducing reliance on fossil fuels and increasing renewable energy sources.
Technological advancements in extraction and processing that may alter production efficiency.