Azerbaijan leads with a high proportion of GDP support for natural gas, though its value decreased by 0.91% in 2023. Mexico saw a significant increase of 106.17%, indicating a growing government support, whereas the USA is retracting, marked by a 100% reduction. Emerging markets like Indonesia and Denmark also exhibit notable increases. Developed countries such as the UK and Israel show moderate growth, while reductions are noted in the Netherlands and Italy.
Future trends to watch:
- Shifting policies in developed nations may further decrease support.
- Emerging markets may continue increasing investments in natural gas.
- Global emphasis on sustainable energy might realign support structures.
Top countries in Total Support 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 | 0.15 | 2023 | +17.32% | +106.17% | View data |
| 4 | 4 United Kingdom | 0.1 | 2023 | +2.94% | +17.95% | View data |
| 5 | 5 Indonesia | 0.08 | 2023 | +3.9% | +37.97% | View data |
| 6 | 6 Denmark | 0.078 | 2023 | +20% | +35.62% | View data |
| 7 | 7 Colombia | 0.059 | 2023 | 0% | -2.51% | View data |
| 8 | 8 Israel | 0.048 | 2023 | 0% | +4.24% | View data |
| 9 | 9 Canada | 0.039 | 2023 | -2.5% | +2.19% | View data |
| 10 | 10 Chile | 0.038 | 2023 | +8.57% | +4.16% | View data |
