Forecast: Total Support on Natural Gas for All Beneficiaries or Sectors in China

In 2023, the total support on natural gas in China was approximately 2.63 billion USD. From 2024 to 2028, China is projected to see steady growth in natural gas support. Year-on-year growth rates from 2024 to 2028 are 2.95%, 2.87%, 2.44%, and 2.72%, respectively, signaling a consistent uptrend. The compound annual growth rate (CAGR) for this period is approximately 2.72%, reflecting an average annual increase in natural gas support.

Future trends to watch for include:

  • Government policy shifts on energy transition and sustainability, which could alter the natural gas landscape.
  • Global energy market fluctuations that may impact pricing and availability.
  • Technological advancements in energy efficiency and renewable energy integration.

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