The forecast for total support on natural gas for fossil fuel production in China shows a steady increase from 2024 to 2028, beginning at 1.6 billion USD in 2024 and reaching 1.67 billion USD by 2028. The year-on-year growth rate is moderate, with an average annual increase of approximately 1.25%. In 2023, this support was slightly below 1.6 billion USD, reflecting a stable but modest growth trajectory.
Future trends to watch for:
- Policy changes affecting renewable energy investment could alter fossil fuel support dynamics.
- Technological advancements in natural gas extraction may influence future support requirements.
- Global market fluctuations in natural gas prices could impact economic assessments.