The UK is the world’s 55th-largest producer of natural gas and the country’s output increased by 10% in 2022, over 2021. The country accounts for 42% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in the UK in its report, United Kingdom Exploration & Production, 2022. Buy the report here.
Over the five years to 2022, production from the UK decreased by a CAGR of 3% and is expected to drop by a CAGR of 2% between 2023 and 2027.
The largest producers of natural gas in the UK are TotalEnergies, Harbour Energy and BP. TotalEnergies was the largest producer of natural gas in 2022 with output up by 0.68% on 2021.
Harbour Energy was the second-largest producer, with output up by 27%, and BP was third with an increase of 19% on the previous year.
There are 111 natural gas producing fields in the UK of which 102 are located offshore and the rest onshore. The North Sea has the majority of the natural gas fields in the country with 96.
For more detailed analysis of natural gas sector in the UK, buy the report here.