Forecast: Total Primary Energy Supply in Egypt

Egypt's Total Primary Energy Supply (TPES) has demonstrated a general upward trend from 78.58 Mtoe in 2013 to 104.8 Mtoe in 2023. Following a decline in 2020 (down by 14.83% year-on-year), the energy supply rebounded, showing significant recovery with a notable 16.86% increase in 2021 and continued growth ever since. The expected CAGR over the last five years (2018-2023) stands at 1.79%, indicating moderate but steady growth. In 2023, the energy supply stood at 104.8 Mtoe.

Forecasts from 2024 to 2028 suggest a consistent growth trajectory, with the TPES projected to reach 114.88 Mtoe by 2028. The forecasted five-year CAGR indicates an average annual growth rate of 1.5%, summing up to an overall growth rate of 7.75% over the forecast period.

Future trends to watch for:

• Technological advancements in renewable energy and their impact on primary energy supply.
• The influence of economic policies and global energy market fluctuations on energy demand and supply.
• Potential shifts towards more sustainable energy sources and their integration into Egypt's energy mix.