Analysis of 2023 data shows that the United Kingdom leads with $25.47 million in support, followed by Mexico at $14.8 million, and China at $13.84 million. Year-on-year variations indicate significant support increases in Mexico (100.67%) and India (83.8%), while countries like the United States (-19.09%) and Brazil (-6.66%) saw declines. Over a longer period, these trends illustrate fluctuating government support, reflecting diverse energy policies and economic conditions.
Future trends to watch include how geopolitical developments, especially in energy policy reforms and environmental regulations, will influence the level of support for natural gas in fossil fuel production. In particular, the global push for sustainability and renewable energy sources may drive changes in government subsidies and investments, potentially lowering dependence on fossil fuels over time.
Top countries in Total Support on Natural Gas for Fossil Fuel Production Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 25.47 | 2023 | +8.06% | +16.09% | View data |
| 2 | 2 Mexico | 14.8 | 2023 | +18.25% | +100.67% | View data |
| 3 | 3 China | 13.84 | 2023 | +1.26% | +6.61% | View data |
| 4 | 4 Argentina | 10.52 | 2023 | +16.89% | +3.04% | View data |
| 5 | 5 Japan | 9.38 | 2023 | +1.18% | +6.87% | View data |
| 6 | 6 Indonesia | 6.15 | 2023 | +3.15% | +32.69% | View data |
| 7 | 7 Azerbaijan | 2.68 | 2023 | +37.03% | -1.07% | View data |
| 8 | 8 United States | 2.17 | 2023 | -26.59% | -19.09% | View data |
| 9 | 9 Brazil | 1.78 | 2023 | -8.48% | -6.66% | View data |
| 10 | 10 Colombia | 1.67 | 2023 | +2.62% | +0.28% | View data |
