Over the period from 2013 to 2023, Egypt's gas production displayed significant fluctuations, ultimately standing at 64.85 billion cubic meters in 2023. Initial years witnessed a decline, reaching a low in 2016, followed by a notable recovery post-2017. Year-on-year variations highlight considerable volatility, from a significant drop of 12.98% in 2014 to a strong recovery of 21.27% in 2017. Most recently, growth has stabilized with a modest increase of 0.55% between 2022 and 2023. The five-year CAGR stands at 2.06%, indicating steady but moderate growth.
The forecast for 2024 to 2028 projects a stable growth trajectory with a 0.21% CAGR, signifying that production levels are expected to remain relatively flat, hovering around 65.81 billion cubic meters by 2028.
Future trends to watch for:
- Technological advancements in gas extraction and production techniques.
- Policy changes and government initiatives in response to global energy demands.
- The impact of international energy market fluctuations on local production.
