| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 12.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Egypt Natural Gas Market Analysis
The Egypt Natural Gas Market is expected to register a CAGR of 12% during the forecast period.
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 Market Trends
Industrial Segment Expected to Dominate the Market
Natural gas consumption in Egypt is primarily driven by the industrial sector, with the power generation sector capturing a 60% share of the total consumption portfolio in 2021. The government's efforts to promote natural gas utilization in the energy sector led to the utilization of a high share of the fuel in the sector. Moreover, the increased availability of natural gas in the country prompted the industrial players to use fuel for power generation as well as for other industrial applications.
The gas-based power generation capacity was around 3.343 GW (5.7%) in 2021. The fuel usage is also propelled by the Combined Cycle Power Plants (CCGT), in which gas and steam are both used as fuel. The CCGT-based power generation was recorded as 32 GW in the country. Egypt has fabricated more plans to expand the gas-based power generation capacity in the near future.
A number of power plant projects are currently in the planning phase. For instance, the East Delta Electricity Production company planned a gas-fired power plant project, Al-Arish gas-fired project, in North Sinai, Egypt. The company is expected to start the construction of the power plant in 2024, and the project is likely to be in service in 2025.
Natural gas consumption also got a boost from other industries. Egypt is the seventh-largest producer of ammonia in the world, and ammonia production uses natural gas-based steam reforming. Apart from this, other industrial applications also encouraged the use of natural gas in around 100 factories in 2021. Such developments are expected to increase the share of the industrial sector in the Egyptian natural gas market in the coming years.
Understand The Key Trends Shaping This Market
Download PDF
Natural Gas Exploration and Production Activities Expected to Witness Significant Growth
Egypt is the third-largest producer of natural gas in Africa. The country produced around 67.8 billion cubic meters (bcm) of natural gas in 2021. The increased production of natural gas was attributed to the increase in demand at the national and international levels. It was recorded in the third quarter of 2021 that the LNG exports from the country were around 1 million tons, the highest among all the Arab countries.
In 2021, the country witnessed around 13 gas discoveries in the Western desert, the Mediterranean, Sinai, and the Eastern desert. The Egyptian government entered new exploration and production agreements to boost investment in the natural gas industry.
For example, in January 2022, Eni, the Italy-based oil and gas company, bagged an exploration contract in five blocks in Egypt. The blocks are located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez. The company will be partially investing in the projects with other companies. In 2021, seven oil and gas production agreements were signed with a total signature bonus of USD 16 million, and 17 development contracts with a signature bonus of USD 7 million were signed for the Eastern and Western deserts. The initiative came from international companies. Owing to such developments, the Egyptian natural gas market is expected to have substantial growth in the near future.
Get Analysis on Important Geographic Markets
Download PDF
Egypt Natural Gas Industry Overview
The Egypt natural gas market is fragmented. Some of the key players (in no particular order) are Egyptian Natural Gas Holding Co., Egyptian General Petroleum Corporation, Egyptian LNG, Eni SpA, and BP PLC.
Egypt Natural Gas Market Leaders
-
Egyptian Natural Gas Holding Co.
-
Egyptian General Petroleum Corporation
-
Egyptian LNG
-
Eni SpA
-
BP plc
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Egypt Natural Gas Market News
- January 2022: The Ministry of Petroleum and Mineral Resources signed two new agreements with the Canadian Transglobe and Pharos Energy for the exploration and production of oil and gas in the Eastern and Western deserts. It includes new investments of around USD 506 million and a signature grant of USD 67 million to drill 12 wells.
- January 2022: The Egyptian Ministry of Petroleum and Energy Resources announced the date for exporting natural gas to Lebanon as February-end or mid-March. The decision was a part of an energy deal among Egypt, Lebanon, Syria, and Jordan, according to which Egypt will export natural gas to Lebanon via Syria and Jordan.
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 |
Need A Different Region or Segment?
Customize Now
Egypt Natural Gas Market Research FAQs
What is the current Egypt Natural Gas Market size?
The Egypt Natural Gas Market is projected to register a CAGR of 12% during the forecast period (2025-2030)
Who are the key players in Egypt Natural Gas Market?
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.
What years does this Egypt Natural Gas Market cover?
The report covers the Egypt Natural Gas Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Egypt Natural Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Egypt Natural Gas Industry Report
Statistics for the 2025 Egypt Natural Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Egypt Natural Gas analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
