The global direct transfer on natural gas for fossil fuel production reveals diverse trends across countries. In 2023, Mexico led with significant expenditure followed by China and Argentina. Major annual growth was observed in Canada and India, while Norway and the Netherlands saw declines. Emerging markets like South Africa and Colombia experienced boost while developed nations like the US also showed positive growth.
Future trends to watch include potential shifts due to global energy policies favoring renewable energy, which might reduce investments in fossil fuel-related natural gas transfers. Additionally, geopolitical developments could influence regional investments and technological advancements impacting efficiency and spending patterns.
Top countries in Direct Transfer on Natural Gas for Fossil Fuel Production Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 24.18 | 2023 | +30.31% | View data | |
| 2 | 2 China | 21.72 | 2023 | +7.64% | +7.15% | View data |
| 3 | 3 Argentina | 18.82 | 2023 | +17.49% | +0.44% | View data |
| 4 | 4 Canada | 14.4 | 2023 | +23.63% | +132.48% | View data |
| 5 | 5 Japan | 10.21 | 2023 | -0.16% | +7.83% | View data |
| 6 | 6 Israel | 2.48 | 2023 | +1.3% | +3.01% | View data |
| 7 | 7 Chile | 1.74 | 2023 | +5.02% | +4.09% | View data |
| 8 | 8 Colombia | 1.18 | 2023 | +4.42% | +6.01% | View data |
| 9 | 9 United States | 1.07 | 2023 | -3.31% | +10.84% | View data |
| 10 | 10 Norway | 0.61 | 2023 | -3.05% | -1.43% | View data |
