Fitch Solutions Forecasts 8% Increase in Egypt's Gas Production in 2026
Fitch Solutions projects Egypt's natural gas production will rise 8% in 2026 to 46.6 billion cubic meters, up from 43.1 bcm in 2025. This recovery is attributed to resumed drilling at the Zohr field and the start of the Raven project’s second phase. The firm anticipates a long-term production growth rate of 2.7% annually from 2026 to 2035, supported by new exploration agreements and the Egyptian government's efforts to settle $1.2 billion in outstanding payments by June 2026.
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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.
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