The forecasted total support on natural gas for consumers in China indicates a consistent upward trend from 2024 to 2028, reaching 3.22 billion USD by 2028. With the support standing at 2.15 billion USD in 2023, this depicts a steady annual growth ranging from approximately 12.5% between 2024 and 2025, and gradually reducing to about 9.2% by 2028. The compound annual growth rate (CAGR) over the five-year period is about 10.6%, illustrating continued commitment to enhancing natural gas accessibility for consumers.
Future trends to watch for include:
- Government policies on clean energy and subsidies.
- Developments in natural gas infrastructure and distribution networks.
- The role of geopolitical factors in influencing gas prices and availability.
