Egypt Natural Gas Market Size (2024 - 2029)

The Egyptian natural gas market is poised for significant growth, driven by government initiatives to expand its use across various sectors and the rising international demand for LNG. Despite challenges posed by the increasing penetration of renewable energy sources, the market's expansion is supported by the growing adoption of natural gas in the transport sector, with a substantial number of vehicles converted to CNG and a robust infrastructure of gas-fuelling stations.

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Market Size of Egypt Natural Gas Industry

Egypt Natural Gas Market- Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 12.00 %
Market Concentration Low

Major Players

Egypt Natural Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

Egypt Natural Gas Market Analysis

The Egyptian natural gas market is expected to witness a CAGR of around 12% during the forecast period. The COVID-19 pandemic negatively affected the natural gas market. The demand in the industrial and commercial sectors was significantly low.

Over the short term, the Egyptian natural gas market is expected to flourish due to the government's efforts to promote the use of natural gas in every sector and the growing demand for LNG in the international market. On the other hand, the steady penetration of renewables is expected to give competition to the natural gas market in the energy sector in the near future.

Nevertheless, the increasing use of natural gas in the transport sector of the country creates ample opportunities for the market studied. As of 2021, around 405,000 cars have been converted into CNG vehicles in Egypt, eliminating gasoline or diesel-based vehicles to a greater extent. Around 530 gas-fuelling stations were established in the country as of 2021 to develop the infrastructure.

Egypt Natural Gas Industry Segmentation

The natural gas market includes the exploration and production of natural gas in the onshore and offshore petroleum resources, the production and sale of liquefied natural gas, and the sale of natural gas in the domestic market. 

The Egyptian natural gas market is segmented by end-user. The end-user segment is divided into industrial, commercial, residential, and transport. For each segment, the market sizing and forecasts have been done based on volume in billion cubic meters.

End-user
Industrial
Commercial
Residential
Transport
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Egypt Natural Gas Market Size Summary

The Egyptian natural gas market is poised for significant growth, driven by government initiatives to enhance natural gas utilization across various sectors and the increasing demand for LNG globally. Despite the challenges posed by the COVID-19 pandemic, which led to reduced demand in industrial and commercial sectors, the market is expected to thrive in the short term. The transport sector's shift towards natural gas, with a substantial number of vehicles converted to CNG and the establishment of numerous gas-fueling stations, presents considerable opportunities. The industrial sector remains a major consumer, with natural gas playing a crucial role in power generation and other industrial applications. The government's focus on expanding gas-based power generation capacity, including new projects like the Al-Arish gas-fired power plant, further underscores the sector's growth potential.

Egypt's position as the third-largest natural gas producer in Africa, coupled with its substantial production and export activities, bolsters its market prospects. The country has seen significant discoveries and has entered new exploration and production agreements to attract investment. International collaborations, such as those with Eni and other companies, are set to enhance the market's development. The fragmented nature of the market, with key players like the Egyptian Natural Gas Holding Co. and BP PLC, indicates a competitive landscape. Additionally, strategic agreements, such as the export of natural gas to Lebanon, highlight Egypt's role in regional energy dynamics. These factors collectively suggest a promising outlook for the Egyptian natural gas market in the coming years.

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Egypt Natural Gas Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in billion cubic meters, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-user

      1. 2.1.1 Industrial

      2. 2.1.2 Commercial

      3. 2.1.3 Residential

      4. 2.1.4 Transport

Egypt Natural Gas Market Size FAQs

The Egypt Natural Gas Market is projected to register a CAGR of 12% during the forecast period (2024-2029)

Egyptian Natural Gas Holding Co., Egyptian General Petroleum Corporation, Egyptian LNG, Eni SpA and BP plc are the major companies operating in the Egypt Natural Gas Market.

Egypt Natural Gas Report Snapshots

Egypt Natural Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)