The supply of natural gas in cities in China has shown a consistent upward trajectory from 2013 to 2023. Notably, the supply stood at 1910.0 hundred million cubic meters in 2023. The trend indicates significant growth, albeit with some fluctuations. Markedly, the year-on-year growth rate decreased from 13.33% in 2013 to 5.33% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years (2018-2023) was 5.73%, displaying a notable yet decelerating expansion.
Future trends to watch for include:
- Shifts in supply chains due to geopolitical changes.
- Technological advancements in natural gas extraction and distribution.
- Government policies impacting energy sources and environmental concerns.
- Growing demand in urban areas due to population increase and urbanization.
