In 2023, Ukraine led global total support on natural gas for electricity generation, representing 0.57% of its GDP. Greece and Italy followed with 0.098% and 0.07%, respectively. Variations saw Greece increasing by 2.41%, Italy by 9.73%, while Finland and Slovakia declined by 12.94% and 7.79%. Lithuania exhibited the highest growth, with a 14.87% increase, whereas countries like Ukraine, Slovenia, and Hungary showed no change. The CAGR over the past five years indicates volatility, with significant upward movement in Lithuania and Armenia and stabilization in other countries.
Future trends to watch:
- Potential policy shifts affecting gas-electricity support, especially in EU nations.
- Technological advancements in energy efficiency influencing natural gas reliance.
- Geopolitical dynamics possibly affecting natural gas supply chains and costs.
- Emergence of renewable alternatives impacting natural gas investment.
Top countries in Total Support on Natural Gas for Electricity Generation by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 0.57 | 2023 | +13.4% | View data | |
| 2 | 2 Greece | 0.098 | 2023 | +1.03% | +2.41% | View data |
| 3 | 3 Italy | 0.07 | 2023 | +6.06% | +9.73% | View data |
| 4 | 4 Slovenia | 0.063 | 2023 | 0% | 0% | View data |
| 5 | 5 Armenia | 0.028 | 2023 | +7.69% | +10.49% | View data |
| 6 | 6 Hungary | 0.014 | 2023 | 0% | 0% | View data |
| 7 | 7 Finland | 0.008 | 2023 | -11.11% | -12.94% | View data |
| 8 | 8 Czech Republic | 0.007 | 2023 | 0% | +3.13% | View data |
| 9 | 9 Slovakia | 0.006 | 2023 | -14.29% | -7.79% | View data |
| 10 | 10 Lithuania | 0.006 | 2023 | +20% | +14.87% | View data |
