In 2023, the direct transfer on natural gas for all beneficiaries or sectors in China stood at approximately 1.30 billion USD, constant at 2020 values. From 2024 to 2028, there is a forecasted gradual increase, with the value reaching 1.52 billion USD by 2028. Year-on-year variation indicates a steady growth trend with an average yearly increase of about 3.19% CAGR over this period.
Future trends to watch for include:
- Government policies affecting energy subsidies and natural gas pricing.
- China's continued shift towards renewable energy and its impact on natural gas dependency.
- Fluctuations in global energy markets and how they influence trade and domestic consumption.