Egypt Bets on Deepwater Fields to Boost Gas Output by 1.4 Billion Cubic Feet Daily by 2026

Cairo | EcoPulse24

Egypt aims to raise its natural gas production by approximately 1.4 billion cubic feet per day in 2026, as part of a government plan to boost domestic supply and support operational sectors, with a clear focus on offshore concession areas, especially deepwater fields.

According to the plan, about 420 million cubic feet per day will be allocated to offset the natural decline in productivity from existing fields, while the remaining 980 million cubic feet per day will represent a net increase, primarily dedicated to meeting the needs of power stations and the industrial sector.

Egypt's strategy targets 80% of the planned production increase from offshore fields in the Mediterranean Sea, Gulf of Suez, and Nile Delta, compared to 20% from onshore areas in the Western and Eastern Deserts, aiming to tap into untapped potential in deep geological layers.

Meanwhile, the Ministry of Petroleum is implementing an expansion program that includes intensified exploration and drilling activities, with plans to drill 100 new oil and gas wells in 2026. The goal is to raise current production from 4.2 billion cubic feet per day to over 5.1 billion cubic feet by the end of next year.

Analysis

This plan reflects a strategic shift towards greater reliance on offshore resources as a core pillar of Egypt’s energy security, alongside efforts to offset natural declines in older fields. The focus on deepwater development indicates growing recognition that future output growth depends on long-term investment and strong partnerships with foreign companies, as Cairo seeks to cement its position as a regional gas hub in the Eastern Mediterranean.