Egypt Oil And Gas Midstream Market Size (2024 - 2029)

Egypt Oil And Gas Midstream Market Size Summary

The Egypt oil and gas midstream market is poised for significant growth over the forecast period, driven by increased investments and production in the sector. The country's strategic location, with key transit chokepoints like the Suez Canal and the SUMED pipeline, enhances its role in global crude oil and natural gas trade. Egypt's extensive natural gas infrastructure, including the Arab Gas pipeline, supports its growing energy demand and export potential. The expansion of the National Gas Grid and new pipeline projects, such as those connecting Egypt to Cyprus and Israel, are set to bolster the midstream sector. Despite the rising demand for renewable energy sources, the exploration and production of gas fields in the East Mediterranean present substantial opportunities for midstream companies, necessitating further pipeline and storage infrastructure development.

Egypt's transformation from a gas importer to an exporter, following significant discoveries like the Zohr gas field, underscores its growing influence in the global energy market. The government's ambitious plans to increase petroleum and LNG exports, alongside domestic demand from power generation and industrial sectors, are expected to drive the midstream market's expansion. The Oil and Gas Sector Modernization Programme aligns with Egypt Vision 2030, aiming to position the country as an LNG export hub. Major companies, including BP, Eni, and Shell, are actively involved in the market, leveraging advanced technologies and strategic collaborations to enhance hydrocarbon exploration and development. These developments, coupled with international agreements and investments, are anticipated to sustain the market's growth trajectory in the coming years.