The UK's support for natural gas in 2023 led globally at $5.72 billion, marking a 1.03% increase from 2022. Notable year-on-year surges included Mexico at 102.81% and China at 6.36%, with Mexico's support reaching $1.85 billion. Conversely, Brazil and Greece saw declines of 17.13% and 20.26%, respectively. Argentina and Colombia also experienced negative trends. Over the past five years, the compound annual growth rates (CAGR) varied significantly, with some countries maintaining steady growth, while others fluctuated or declined.
Future trends to watch include the potential impact of increased environmental regulations, advances in renewable energy sources, and geopolitical factors affecting global natural gas markets. Additionally, technological innovations in natural gas extraction and storage may influence support levels. Continuous monitoring of these factors will be essential for understanding the evolving landscape of global natural gas support.
Top countries in Total Support on Natural Gas for All Beneficiaries or Sectors by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 5,720 | 2023 | -1.18% | +1.03% | View data |
| 2 | 2 China | 2,620 | 2023 | +3.34% | +6.36% | View data |
| 3 | 3 Ukraine | 1,900 | 2023 | +2.62% | +0.15% | View data |
| 4 | 4 Mexico | 1,850 | 2023 | +19.53% | +102.81% | View data |
| 5 | 5 Italy | 1,760 | 2023 | +9.14% | +4.46% | View data |
| 6 | 6 Argentina | 1,400 | 2023 | +7.04% | -7.42% | View data |
| 7 | 7 France | 1,290 | 2023 | +4.94% | +1.96% | View data |
| 8 | 8 Japan | 898.09 | 2023 | -0.54% | +4.3% | View data |
| 9 | 9 Brazil | 856.13 | 2023 | -19.63% | -17.13% | View data |
| 10 | 10 Germany | 705.98 | 2023 | -6.12% | -5.41% | View data |
