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United Kingdom Country Analysis Brief

 

 

May 12, 2022 - The United Kingdom is the ninth-largest economy in the world by GDP and the third-largest energy consumer in Europe. In addition, the UK is the second-largest producer of petroleum and other liquids and natural gas in OECD Europe, after Norway, but a net energy importer.

In 2020, the United Kingdom produced 4.9 quadrillion British thermal units (quads) and consumed 6.8 quads of energy. Fossil fuels accounted for 75% of total energy supply and 77% of total energy demand.

The United Kingdom has been a net energy importer since 2004. However, lower energy demand, a result of the COVID-19 pandemic, contributed to a decline of 30% in net energy imports in 2020. The United Kingdom imported less coal, petroleum and other liquids, natural gas, and electricity that year.

In 2021, the United Kingdom was the second-largest producer of petroleum and other liquids and natural gas in OECD Europe, after Norway.

Nearly all UK petroleum and natural gas production comes from offshore fields. In 2021, the United Kingdom produced 934,000 barrels per day (b/d) in total liquid fuels and 1.1 trillion cubic feet (Tcf) of natural gas.

Coal production decreased nearly 91% between 2010 and 2020, falling from 20.2 million short tons (MMst) in 2010 to 1.8 MMst in 2020. This significant decline is the result of environmental regulations and falling consumption. 

The proportion of renewable electric power generation (46%) exceeded generation from fossil fuels (38%) for the first time in 2020. In addition, renewable and nuclear energy cumulatively accounted for almost two-thirds of UK electricity generation that year. Electricity generation from natural gas represented 36%.

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