Oil and gas production in the UK increased by nearly 11% in 2015, the first year of growth since 1999 and a striking deviation from the 10-year trend decline of 6.8% per annum
- Renewable power accounted for around 9% of UK primary energy consumption in 2015, nearly three times higher than the global average.
- Total power generation fell to the lowest level since 1995, and the share of non-fossil power increased to 46%, an all-time high.
- In 2015 oil consumption rose for the first time since 2005, which was also the last time Brent was below $55/bbl on an annual basis.
+1.2% Growth in UK energy consumption
1.5% UK’s share of global energy consumption
+31% Growth in UK renewables in power production
- UK primary energy consumption grew by 1.2% in 2015 as consumption of all fuels except for coal (-21.6%) increased.
- Oil remained the dominant fuel with a 37% share of primary energy consumption in 2015.
- Non-fossil fuels expanded their market share to 18%, the highest level on record.
- UK nuclear power generation grew by 10.3%, nearly offsetting the 2014 outage-induced decline.
- Energy intensity (the amount of energy required per unit of GDP) declined by 1.0% in 2015, falling to its lowest level on record.
- CO2 emissions from energy use fell by 4.3% in 2015, much faster than the 10-year average (-2.7%) and also its lowest level on record, as the emissions from coal fell by 21.6%.
- Primary energy production increased by 10.7% in 2015 as growth in UK North Sea production of oil (+13.4%) and gas (+7.8%), renewables (including biofuels) (+30%), nuclear (+10.3%), and hydro (+7.4%) offset declines in coal (-26.8%).
- Renewables in power increased by 31% in 2015 and provided almost 23% of total UK power generation. Non-fossil fuels in aggregate supplied nearly 46% of UK power last year.
- The UK’s net LNG imports expanded by 18% in 2015 as a lower Asian-European spot price premium saw LNG return to Europe.