In 2023, the total support on natural gas for producers in China stood at approximately $1.54 billion. The forecast from 2024 to 2028 shows a steady increase, with figures rising from $1.56 billion in 2024 to $1.63 billion in 2028. The year-on-year growth indicates a modest annual increase, averaging around 1-1.5%. Over this five-year period, the compound annual growth rate (CAGR) is expected to be slightly above 1%, reflecting consistent, albeit slow, expansion.

Future trends to watch:

The impact of government policies aimed at enhancing energy transition and sustainable practices.
Technological advancements potentially reducing production costs or increasing efficiency.
Market fluctuations due to geopolitical dynamics affecting energy trade and pricing.
Changes in global demand for clean energy alternatives that could drive adjustments in exports and pricing strategies.