Arab Finance: Natural Gas Vehicles Company (Cargas), an affiliated company of the Egyptian Ministry of Petroleum, reported converting around 30,000 vehicles to run on natural gas in 2025, marking a 61% increase year-on-year (YoY), as per a statement.
The company’s oils segment also recorded total sales of 3,567 tons last year, with a focus on higher-margin gasoline oil products, contributing to a 44% increase in sales compared to the previous year.
The announcement was made during the firm's general assembly, chaired by Minister of Petroleum and Mineral Resources Karim Badawi.
Badawi said Cargas plays a central role in expanding the use of natural gas as a clean and cost-efficient fuel, noting that its efforts go beyond offering a lower-cost alternative to conventional fuels to supporting the state’s broader transition toward clean energy.
He also added that the company contributes to reducing carbon emissions in line with sustainable development goals, while improving energy efficiency across sectors.
The minister called for more comprehensive market studies to identify areas with the highest demand for natural gas refueling services, stressing the need to prioritize expansion based on actual consumption patterns. He also highlighted the importance of strengthening marketing approaches through innovative strategies targeting diverse customer segments to increase vehicle conversion rates.
For his part, Mohamed Ismail, Chairman and Managing Director of Cargas, said total compressed natural gas (CNG) sales reached 558 million cubic meters through a network of 350 stations, including 28 new stations that became operational during 2025, alongside ongoing upgrades to existing facilities.
He added that this drove average daily sales above 1.7 million cubic meters, reinforcing the company’s position in the natural gas vehicle fueling segment.
On vehicle conversion, Ismail said the 30,000 converted vehicles accounted for about 41% of the total Egyptian market, supported by 56 conversion and maintenance centers nationwide.
