Article

Fitch Solutions forecasts an 8% increase in Egypt's natural gas production in 2026, reaching 46.6 billion cubic meters from 43.1 bcm in 2025. The recovery is linked to the resumption of drilling at the Zohr field and the initiation of the second phase of the Raven project.

The firm expects an average annual growth rate of 2.7% between 2026 and 2035, aided by a five-well appraisal program at Zohr. Optimism in the sector is bolstered by new exploration agreements from international oil companies in 2025. The Egyptian government aims to enhance investment by settling $1.2 billion in outstanding payments by June 2026, having already repaid $5 billion.