The Global Direct Transfer on Natural Gas for Fossil Fuel Production reveals varied dependency across countries. In 2023, Azerbaijan led with 0.71% of GDP, followed by Argentina and Mexico. Notably, Canada experienced a significant surge of over 133% compared to the previous year, while Japan and Australia also demonstrated rises. Conversely, Azerbaijan and Argentina saw decreases, with Argentina dropping over 3%. Over a five-year period, the compound annual growth rates depict a mixed trend with some countries increasing their investment in natural gas production while others decrease.
Future trends suggest countries may adjust their direct transfers in response to geopolitical tensions, energy transitions, and technological advancements in renewable energy, impacting the reliance on natural gas for fossil fuel production.
Top countries in Direct Transfer on Natural Gas for Fossil Fuel Production by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Azerbaijan | 0.71 | 2023 | +37.35% | -0.91% | View data |
| 2 | 2 Argentina | 0.2 | 2023 | +4.66% | -3.15% | View data |
| 3 | 3 Mexico | 0.13 | 2023 | +29.7% | View data | |
| 4 | 4 Canada | 0.07 | 2023 | +25% | +133.89% | View data |
| 5 | 5 Chile | 0.038 | 2023 | +8.57% | +4.16% | View data |
| 6 | 6 Lithuania | 0.037 | 2023 | +42.31% | View data | |
| 7 | 7 Japan | 0.013 | 2023 | 0% | +7.63% | View data |
| 8 | 8 Norway | 0.012 | 2023 | 0% | +3.71% | View data |
| 9 | 9 Italy | 0.002 | 2023 | 0% | 0% | View data |
| 10 | 10 Australia | 0.002 | 2023 | 0% | +14.87% | View data |
