Egypt targets 6.6 billion cubic feet daily gas output by 2027
Egypt plans to lift its gas production capacity to 6.6 billion cubic feet per day by 2027, according to Minister Karim Badawi. The goal rests on a programme of expanded drilling, new exploration incentives and increased foreign investment. Between July 2024 and October, the country added 591 wells and reported 113 new discoveries, underscoring the rapid pace of development. Badawi discussed the strategy in October with Cyprus’s energy minister, the East Mediterranean Gas Forum secretary‑general and industry executives.
Key facts
- Karim Badawi is Egypt’s Minister of Petroleum and Mineral Resources.
- Michael Damianos serves as Cyprus’s Energy Minister.
- Osama Mobarez holds the position of East Mediterranean Gas Forum Secretary‑General.
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Why it matters
Higher output could boost regional energy security and attract foreign capital.
What changed
First published from OilPrice.com