The Egyptian International Gas Technology Company (Gastec) recorded natural gas sales of approximately 664 million cubic meters (mmcm) during fiscal year (FY) 2025, achieving the highest market share in Egypt at 45%. Mohamed Elniel, the company’s Chairman, reported the figures during the General Assembly convened to approve the company’s results for the fiscal year.
Gastec achieved the highest daily sales rate in the market, exceeding 2.2 mmcm, which brought cumulative natural gas sales since the company’s inception to 6.6 billion cubic meters (bcm). Additionally, liquid fuel sales reached 172.6 million liters, representing an 8% increase compared to the previous year.
Elniel confirmed Gastec’s success in raising the volume of ongoing investment projects to EGP 1.9 billion as part of its strategic expansion. This was achieved through the operation of 14 new natural gas fueling stations and the expansion of eight existing facilities. The company’s network now totals 302 stations and 384 compressors across 26 governorates, including 17 integrated stations providing both natural gas and liquid fuel.
Regarding vehicle conversion to compressed natural gas (CNG), the company converted approximately 27,000 cars during the year, securing a 43% market share. This increased the total number of cars converted by Gastec since its launch to 295,000, maintaining a cumulative market share of 46%.
Elniel revealed a technical breakthrough implemented for the first time in Egypt: the conversion of a heavy transport truck from liquefied natural gas (LNG) to CNG. The innovation maintains high operational efficiency and performance levels while complying with Euro 6 emission standards. Furthermore, the company converted 230 diesel-powered vehicles to run on CNG using advanced technologies.
On the international front, Gastec is collaborating with Egypt Gas to establish a CNG station in the Al-Hashimiyah area of Jordan with a capacity of 6.5 million cubic feet per day (mmcf/d), alongside a reception area in Mafraq. Elniel confirmed plans to replicate this model across several Arab nations.
To support industrial facilities, the company developed a local gas-pressure reduction system using an expansion tank. This innovation supports the localization of technology and reduces foreign currency expenditures through automated and remote operations.
The meeting was attended by Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), and Sayed Selim, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), along with senior officials from the Ministry of Petroleum and Mineral Resources (MoPMR).
Gastec is a state-controlled joint-stock company. It is one of the specialized arms of the EGAS; EGAS acts as the state’s regulator and primary investor in natural gas activities. Gastec specializes in the establishment of CNG fueling stations and vehicle conversion centers.
