The proved reserves of natural gas in Egypt have shown significant stabilization over the past decade, with the value standing at 2.15 trillion cubic meters in 2023. The year-on-year variation from 2013 to 2023 reflects minimal fluctuations, the largest being in 2016 with a 6.47% increase. The last two years indicate a very slight upward trend of around 0.047% per year. The compound annual growth rate (CAGR) over the past five years has averaged 0.084%, showcasing steady but slow growth. Looking forward, the next five-year forecast suggests a very modest growth rate with a CAGR of 0.02%, aiming for a cumulative growth rate of 0.09% through 2028.
Future trends to watch include potential technological advancements in extraction methods, geopolitical developments affecting supply and demand, exploration in new fields, and shifts towards renewable energy that may alter long-term natural gas demand. Monitoring these factors will be essential for anticipating changes in Egypt’s natural gas reserves.
