Between 2024 and 2028, China's total support for natural gas in fossil fuel production as a percentage of GDP is projected to decline from 0.008% to 0.006%. This represents a consistent year-on-year decrease of approximately 12.5% in 2025, no change in 2026, and a further 14.3% decrease in 2027, with a steady state into 2028.
Future trends to watch for:
- Potential policy shifts could further impact natural gas support levels.
- The transition to renewable energy sources might accelerate the reduction in natural gas dependency.
- Changes in global energy markets or local demand may alter forecasted support levels.