In 2023, Ukraine and Azerbaijan led in global support for natural gas relative to their GDPs. Notably, Mexico saw a striking increase, contrasting with declines in countries like Argentina and the United States. Indonesia and Denmark also marked significant growth, while countries such as Italy, Japan, and Switzerland experienced moderate gains. Conversely, Armenia, Germany, and India faced notable reductions in support, signaling shifts in energy strategies or economic circumstances among these nations.
Looking ahead, watch for potential shifts in support as countries adapt to energy transitions, technological advancements, and international policies targeting carbon emissions. Emerging factors like geopolitical tensions and global economic trends could further impact natural gas support landscapes.
Top countries in Total Support on Natural Gas for All Beneficiaries or Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 1.49 | 2023 | +2.27% | +0.64% | View data |
| 2 | 2 Azerbaijan | 1.32 | 2023 | +19.89% | +2.71% | View data |
| 3 | 3 Argentina | 0.2 | 2023 | -9.17% | -12.99% | View data |
| 4 | 4 United Kingdom | 0.19 | 2023 | -2.02% | +0.42% | View data |
| 5 | 5 Lithuania | 0.15 | 2023 | +6.16% | +1.48% | View data |
| 6 | 6 Mexico | 0.15 | 2023 | +16.15% | +106.72% | View data |
| 7 | 7 Latvia | 0.15 | 2023 | -8.59% | -8.08% | View data |
| 8 | 8 Denmark | 0.13 | 2023 | +19.09% | +35.2% | View data |
| 9 | 9 Italy | 0.1 | 2023 | +6.32% | +8.23% | View data |
| 10 | 10 Brazil | 0.087 | 2023 | -2.25% | -5.26% | View data |
