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2026-11-06T17:20:26.000Z

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Egypt's New Gas Discovery

Egypt's New Gas Discovery

Egypt’s Ministry of Petroleum announced the discovery of a gas-bearing layer in the exploratory well “Naseem-1X,” in the Taiba concession area in the Mediterranean. Preliminary reserves are estimated at around 200 billion cubic feet, while studies are still underway to determine recoverable volumes. The ministry plans to connect the well to existing production facilities via a pipeline approximately 22 kilometers long to accelerate the start of gas production. Its production potential will become clear once the technical assessment is complete.

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