Mubasher: The gas engine market in the Middle East and Africa (MEA) is expected to achieve a compound annual growth rate (CAGR) of 8.67% in 2019-2027, according to a report released on Friday by ResearchAndMarkets.com.

Estimates showed that Natural gas is expected to account for 60% of the total energy consumed by 2040.  

“The Middle East region is known for its large oil reserves. However, this scenario is soon expected to change, with natural gas overtaking oil to become the most widely used type of fuel in the region,” the report said.

The UAE ranks seventh globally in terms of gas reserves, which is reflected in the fact that natural gas makes up 57% of the country's total primary energy mix.

The Emirati gas output surged to 60.4 billion cubic meters (BCM) in 2017, compared to 50 BCM in 2010.

“The government of the UAE has been actively encouraging the adoption of natural gas across various sectors. This would help reduce greenhouse gas emission and keep pollution levels in check, which, in turn, would supplement the growth of the gas engine market in the UAE,” the report noted.