The natural gas stock change in the UK is forecasted to decrease steadily from 2024 to 2028, with values declining each year. In 2023, the stock change stood at -6200 GWh. The year-on-year percentage variation over the previous two years shows a downward trend, exhibiting continual reductions. Looking at the compounded annual growth rate (CAGR) over the five-year period to 2028 highlights an accelerating decline in natural gas stocks, reflective of diminishing reserves or potentially increased consumption or exports.
Future trends to watch for:
- Shifts in government policies affecting natural gas supply or consumption.
- Technological advancements potentially increasing extraction efficiency.
- The impact of renewable energy adoption on natural gas demand.
- Geopolitical factors that may alter gas import and export dynamics.
