The Egyptian Natural Gas Holding Company (EGAS) added 28 new wells to Egypt’s gas production map through nine development projects, with investments totaling $1.12 billion, during fiscal year (FY) 2025/26, EGAS Executive Managing Director Sayed Selim said at the company’s general assembly meeting.
EGAS also recorded nine discoveries, including eight gas and one oil discovery, adding around 2.8 trillion cubic feet (tcf) of gas reserves, he said. The company is currently drilling three new gas exploration wells, with completion planned before the end of 2026, Selim added.
During FY 2026/27, the company identified 16 new gas exploration opportunities, comprising seven offshore and nine onshore prospects, with plans to drill 16 wells targeting estimated resources of around 6 tcf.
Also, EGAS awarded four new gas exploration blocks in the Mediterranean and Nile Delta, with investments approaching $200 million to drill nine wells. In addition, it finalised five new gas exploration agreements worth $240 million for 14 exploration wells and signed a development contract for the North Atoll field with Arcus Energy.
Results from EGAS’ West Mediterranean seismic survey helped attract new investments from TotalEnergies and Chevron, while the company is preparing to launch a seismic survey in the East Mediterranean in October. EGAS also completed 3D seismic surveys covering 307 square kilometers (sq km) and 4D seismic surveys covering 2,307 sq km in the deepwater West Nile Delta.
Furthermore, the company launched an international bid round covering eight areas in the Mediterranean, Nile Delta, and North Sinai.
To support domestic gas supplies, EGAS is targeting an additional 250 million cubic feet per day (mmcf/d) from the Zohr and West Mina fields before the end of 2026, as well as 80 mmcf/d from the Meleia fields in the Western Desert before the end of September.
EGAS met 100% of the electricity sector’s fuel requirements during the year and invested EGP 14 billion to strengthen and improve the efficiency of the national gas transmission network.
Regrading natural gas connections, the company connected natural gas to 804,000 residential units during FY 2025/26, bringing the total number of connected units to around 16.2 million, serving approximately 69 million people. Natural gas also reached 58 new areas for the first time.
EGAS also recorded 24.3 million safe working hours since 2016 and conducted process safety reviews at 20 subsidiaries, alongside inspection campaigns, employee training, and safety awareness programs. The company is also working with relevant authorities to improve emergency preparedness, protect gas pipelines during excavation activities, and prevent encroachments on the network.
Selim highlighted that the company is leveraging the infrastructure and storage capacity of the Damietta liquefied natural gas (LNG) plant to support the reception of imported gas and enhance supply flexibility during periods of high demand.
During FY 2024/25, EGAS awarded nine natural gas exploration blocks and finalized six agreements, with total investments of around $479 million. The company also made 29 gas discoveries and completed seven field development projects, bringing 23 new development wells online with investments of approximately $1.7 billion.
