Market Size of Egypt Natural Gas Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
