The natural gas liquids supply in the UK is forecasted to show a gradual decline from 2024 to 2028, starting at 2.7 Million Tonnes Of Oil Equivalent in 2024 and decreasing to 2.4 by 2028. In 2023, the supply stood at 2.78 Million Tonnes Of Oil Equivalent. The annual decline averages approximately 2-3%, with a cumulative average growth rate (CAGR) indicating a consistent downward trend over the five-year period.
Future trends to watch for include:
- Transitions in energy policy impacting natural gas demand.
- Technological advancements in energy efficiency and alternative energy sources.
- Market dynamics affecting the natural gas liquids sector globally.
