Egypt plans to cut gas output decline by 44% in late 2026
Egypt aims to reduce the decline in natural gas production by 44% during the last quarter of 2026 through an agreement with eight international companies to curb the natural decline rates in the fields to around 100 million cubic feet per month, instead of the current average of 180 million cubic feet. This measure comes as part of a plan to enhance domestic production and narrow the gap between supply and consumption, which is currently estimated at approximately 3.8 billion cubic feet per day compared to nearly 7.2 billion cubic feet consumed, increasing reliance on imports. The plan includes investments valued at $1.6 billion to develop and recomplete wells, along with improved reservoir management, with the goal of increasing available market quantities and reducing the need for imports. Special focus is placed on the Mediterranean Sea wells to compensate for the decline and improve the efficiency of the energy system.
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