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Natural Gas Extraction in the UK - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

Martha Sofia Garcia Guerrero Martha Sofia Garcia Guerrero London, United Kingdom Last Updated: June 2025 SIC UK-B062

Revenue

£113.9bn

2025-26

£116.4bn

Past 5-Year Growth

Profit

£XX.Xbn

Employees

189k

Businesses

374

Wages

£X.Xbn

Natural Gas Extraction in the UK industry analysis

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies.

Trends and Insights

  • Russia’s invasion of Ukraine spurs a shift in European natural gas supplies. Europe’s efforts to cut its dependence on Russian gas supplies has spurred a reconfiguration of natural gas trade arrangements in Europe.
  • Natural gas producers face a tough battle with renewables. Despite being the cleanest fossil fuel, natural gas is losing its popularity as a power source for electricity as renewables quickly gather momentum across the continent.
  • Limited natural gas reserves facilitate the dominance of a small number of companies. A few large multinationals and state-owned corporations operate Europe’s major gas fields, though partnerships on oil and gas fields ensure some distribution of income.
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Top Questions Answered in this Report

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What is the market size of the Natural Gas Extraction industry in the United Kingdom in 2025?

The market size of the Natural Gas Extraction industry in the United Kingdom is £113.9bn in 2025.

How many businesses are there in the Natural Gas Extraction industry in the United Kingdom in 2025?

There are 374 businesses in the Natural Gas Extraction industry in the United Kingdom, which has grown at a CAGR of 2.8 % between 2020 and 2025.

Has the Natural Gas Extraction industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Natural Gas Extraction industry in the United Kingdom has been growing at a CAGR of 17.5 % between 2020 and 2025.

What is the forecast growth of the Natural Gas Extraction industry in the United Kingdom over the next 5 years?

Over the next five years, the Natural Gas Extraction industry in the United Kingdom is expected to grow.

What does the Natural Gas Extraction industry in the United Kingdom include?

Natural gas extraction and are part of the Natural Gas Extraction industry in the United Kingdom.

How competitive is the Natural Gas Extraction industry in the United Kingdom?

The level of competition is moderate and steady in the Natural Gas Extraction industry in the United Kingdom.

Everything you need in one report

  • Reliable market estimates from 2015-2030
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Natural gas extraction operations are governed by strict protocols. Legislation covers safety standards and the environmental impact of extraction activity, ensuring a balance between growth and sustainable practices.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Natural Gas Extraction in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising gas prices fire up profitability. Soaring natural gas prices are allowing companies to rake in excess profits, leading governments to intervene with windfall taxes.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Natural Gas Extraction in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

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