Egypt’s natural gas production is expected to rebound sharply in 2026, with Fitch Solutions projecting an 8% year-on-year increase to 46.6 billion cubic meters (bcm), following a decline to 43.1 bcm in 2025.
The projected recovery is primarily driven by the resumption of drilling operations at the Zohr field and the launch of the second phase of the Raven project. A successful evaluation program involving five wells at the Zohr field has added significant potential to Egypt’s natural gas output. Over the longer term, production is expected to grow at an average annual rate of 2.7% between 2026 and 2035.
Market optimism remains high following a series of exploration agreements and drilling commitments made by international oil companies in 2025, with further upside expected from upcoming licensing rounds. To accelerate the return of investment to the petroleum sector, the Egyptian government has already repaid approximately $5 billion in outstanding arrears to oil and gas companies, with plans to settle the remaining $1.2 billion by June 2026.
Source: egyptoil-gas.com