Natural Gas Extraction in the UK - IBISWorld Industry Market Research

Natural Gas Extraction in the UK

Natural Gas Extraction in the UK - IBISWorld Industry Market Research
Natural Gas Extraction in the UK
Published Jun 05, 2013
29 pages — Published Jun 05, 2013
Price US$ 830.00  |  Buy this Report Now

About This Report


The United Kingdom is the largest consumer of natural gas in the European Union. Fortunately, it is also the third-largest producer. However, production has been falling since 2000-01 as reserves, largely concentrated in the North Sea, have begun to shrink. Encouragingly, operators have continued to invest in some new offshore projects, but these are more costly, challenging and time consuming. This combination has caused an unsteady revenue decline, following an all-time industry peak in 2009-10. IBISWorld estimates that industry revenue has declined at a compound annual rate of 0.3% over the five years through 2013-14, to a figure of £18.7 billion.

Firms in this industry extract crude gaseous hydrocarbon (natural gas) from offshore and onshore fields. Nearly all the United Kingdom's natural gas is extracted offshore. They also extract condensates, drain and separate liquid hydrocarbon fractions, and desulphurise gas. The industry excludes support activities for natural gas extraction and exploration, the manufacture of industrial gases and the operation of pipelines.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Natural Gas Extraction in the UK" Jun 05, 2013. Alacra Store. Oct 24, 2016. <>
IBISWorld Industry Market Research. (2013). Natural Gas Extraction in the UK Jun 05, 2013. New York, NY: Alacra Store. Retrieved Oct 24, 2016 from <>
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