In 2023, consumer support on natural gas in China was below the 2024 forecasted value of $2.12 billion. The year-over-year increases from 2024 to 2028 are consistent, with values growing from $2.12 billion to $3.15 billion. The compound annual growth rate (CAGR) from 2024 to 2028 indicates a steady rise in consumer support, reflecting a more than 11% average increase per year.
Key future trends to monitor include:
- Government policies on energy transition and subsidies affecting natural gas consumption.
- Technological advancements in natural gas extraction and distribution, which could impact pricing and demand.
- China's broader economic conditions and their effect on energy demand patterns.