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.