Gas target of 6 billion cubic feet per day… Egypt pushes to restore production

Egypt has set a target to raise natural gas production to 6 billion cubic feet per day by 2030, with the petroleum ministry’s February 2026 plan also aiming for 1 million barrels per day of crude output. Prime Minister Mostafa Madbouly, speaking at the close of a forum on October 24, cited the 6 bcf/d gas goal alongside a target of 700,000 barrels per day of crude and condensate, according to Ahram Business. The government is leaning on foreign investment, development of newly discovered resources and tie-ins to existing infrastructure to reverse the production decline. The ministry met international energy executives on October 21 to discuss expanding investment and connecting discoveries to existing facilities. The targets matter because Egypt has shifted from gas exporter to importer in recent years, making output recovery central to its fiscal and energy security outlook. What to watch next is whether foreign operators commit fresh capital and how quickly new discoveries can be tied into existing infrastructure.