Egypt Outlines Strategic Scenarios to Boost Natural Gas Production by 2030
The Egyptian Ministry of Petroleum and Mineral Resources has outlined three strategic scenarios for domestic oil and natural gas production through 2030. The success of these projections hinges on the rapid development of new discoveries, expedited drilling agreements, and swift investment decisions to bolster local output from its current baseline of 3.7 billion cubic feet (bcf) per day.
While the ministry's overarching framework encompasses three potential pathways, official data detailed two primary roadmaps for natural gas expansion, with the second scenario identified as the most likely trajectory.
Natural Gas Production Projections (FY 2026 – 2031)
Fiscal YearScenario 1: Expected OutputScenario 1: New WellsScenario 2 (Most Likely): Expected OutputScenario 2 (Most Likely): New Wells
2026-20274.2 bcf/day4904.2 bcf/day513
2027-20284.1 bcf/day5054.4 bcf/day565
2028-20294.95 bcf/day5305.4 bcf/day620
2029-20305.3 bcf/day5406.3 bcf/day680
2030-20316.2 bcf/dayNot Specified6.72 bcf/dayNot Specified
By progressively scaling up drilling operations to over 600 new wells annually by the end of the decade, the most probable scenario aims to nearly double current production rates, targeting an output of 6.72 billion cubic feet per day by the 2030-2031 fiscal year.