In 2023, China's tax expenditure on natural gas for all beneficiaries or sectors stood at 1.35 billion USD. For the forecasted years 2024 to 2028, we observe a consistent year-on-year increase: 0.74% annually, indicating a gradual rise in expenditures. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at approximately 0.74%, reflecting steady growth without sudden fluctuations.

Future trends to watch for:

Potential policy shifts towards renewable energy affecting natural gas taxation.
Economic factors influencing energy consumption in China.
Technological advancements impacting natural gas production and usage.