In 2023, Italy led with $1.27 billion in support for natural gas in electricity generation. Significant variations show growth in Italy (7.1%) and Lithuania (17.57%), while Brazil and Belarus faced declines of 8.84% and 50.9% respectively. Minor fluctuations in other countries highlight stable or slightly declining trends.
Future trends to watch include:
- Potential increased reliance on natural gas by Italy and Lithuania as they show robust positive growth.
- Brazil’s declining support suggests a shift towards alternative energy sources.
- Post-2024 policy changes could drive significant shifts in funding, especially in markets like Eastern Europe where volatility is noticeable.
Top countries in Total Support on Natural Gas for Electricity Generation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,270 | 2023 | +11.54% | +7.1% | View data |
| 2 | 2 Ukraine | 318.27 | 2023 | +4.11% | View data | |
| 3 | 3 Greece | 179.81 | 2023 | +0.19% | +0.32% | View data |
| 4 | 4 Brazil | 118.82 | 2023 | +3.98% | -8.84% | View data |
| 5 | 5 Latvia | 61.62 | 2023 | +1.65% | -2.94% | View data |
| 6 | 6 Slovenia | 33.81 | 2023 | +1% | -0.15% | View data |
| 7 | 7 Czech Republic | 15.55 | 2023 | +1.26% | +1.55% | View data |
| 8 | 8 Slovakia | 8.47 | 2023 | -0.45% | -1.75% | View data |
| 9 | 9 Poland | 4.27 | 2023 | -23.12% | -12.94% | View data |
| 10 | 10 Lithuania | 3.24 | 2023 | +13.06% | +17.57% | View data |
