Rising investments in oil and gas and utility projects and the growing demand for distributed power are the key factors that are likely to drive the LNG market in Egypt during the forecast period.
According to TechSci Research report, “Egypt Liquefied Natural Gas (LNG) Market – By Region, Competition, Forecast & Opportunities, 2028,” the liquefied natural gas (LNG) market in Egypt is expected to experience growth due to the rising demand for electric power produced from sustainable energy sources.
Natural gas, including LNG, is considered a cleaner-burning fossil fuel compared to coal or oil. It emits lower levels of greenhouse gases and pollutants, making it a suitable transition fuel as countries move toward a more sustainable energy mix. The rising demand for sustainable power in Egypt can drive the need for natural gas, including LNG, as a fuel source for power generation. Renewable energy sources, such as solar and wind, are intermittent, depending on weather conditions. To ensure a stable and reliable power supply, backup power sources are required. Natural gas power plants can provide flexible backup power, complementing renewable energy sources and enhancing grid stability. This can drive the demand for LNG in Egypt as part of the overall power generation mix.
The increasing demand for sustainable power requires the development of infrastructure to support the integration of renewable energy sources into the grid. This includes the construction of power plants, transmission lines, and energy storage facilities. As infrastructure is built to accommodate renewable energy, there may be opportunities for the expansion of LNG infrastructure alongside it, including LNG import terminals, regasification facilities, and associated pipelines.
Renewable energy generation is subject to fluctuations due to weather patterns and daylight hours. Natural gas power plants, including those fueled by LNG, can provide quick-start backup capacity to balance these fluctuations. LNG can be readily dispatched to meet the demand during periods of low renewable energy generation, thereby ensuring a reliable power supply and grid stability. As the global demand for sustainable energy grows, there may be opportunities for Egypt to export LNG produced from its abundant natural gas reserves.
LNG can be used as a cleaner-burning fuel in countries that have not yet transitioned to renewable energy sources or are in the early stages of their energy transition. This can open up new markets and drive the growth of Egypt’s LNG industry. Governments play a crucial role in driving the adoption of sustainable energy sources. In Egypt, government policies and incentives that encourage the use of natural gas and LNG in the power sector can further boost the market. Supportive regulations, feed-in tariffs, and other incentives can attract investments in LNG infrastructure and power generation projects, promoting the growth of the LNG market in alignment with sustainable energy goals.
In conclusion, the rising demand for electric power from sustainable energy sources can drive the growth of the Egypt LNG market during the forecast period. Natural gas, including LNG, can serve as a transition fuel and backup power source to support the integration of renewable energy into the grid. Infrastructure development, balancing renewable energy fluctuations, energy export opportunities, and government support all contribute to the potential growth of the LNG market in the country.
The Egypt liquefied natural gas (LNG) market is segmented by LNG infrastructure, application, and region. Based on LNG Infrastructure, the market is segmented into LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping. Based on application, the market is segmented into residential, commercial, and industrial. The market is also segmented by region into Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and the Rest of Egypt.
During the projected period, the residential sector is anticipated to dominate the market due to the heavy use of LNG for cooking, heating homes, and generating electricity in heaters, ovens, and boilers.
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Key market players in the Egypt Liquefied Natural Gas (LNG) Market include:
- Shell Egypt
- Egyptian LNG
- TotalEnergies Egypt
- ENGIE Middle East
- Union Fenosa Gas (UFG)
- Egyptian Natural Gas Holding Company (EGAS)
- BP Egypt Co.
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“During the next few years, the Egypt liquefied natural gas (LNG) market is anticipated to grow substantially. Factors driving the market for liquified natural gas are the expanding LNG ship numbers and the increased demand for gas-powered electricity generation.
Moreover, government initiatives to promote the use of natural gas and lessen reliance on fossil fuels, the rising usage of LNG as a transportation fuel, increased demand for products and services because of economic expansion, and the surge in crude oil costs are significant factors that are likely to drive the market in the coming years,” said Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm.
Egypt Liquefied Natural Gas (LNG) Market By Liquefied Natural Gas (LNG) Infrastructure (Liquefied Natural Gas (LNG) Liquefaction Plants, Liquefied Natural Gas (LNG) Regasification Facilities, and Liquefied Natural Gas (LNG) Shipping), By Application (Residential, Commercial, and Industrial), By Region, Competition, Forecast and Opportunities, 2028 has evaluated the future growth potential of Egypt liquefied natural gas (LNG) market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Egypt liquefied natural gas (LNG) market.
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