Egypt is on track to reverse years of falling natural gas output and achieve self-sufficiency within two years, Prime Minister Moustafa Madbouly said on Wednesday. "Egypt has begun gradually returning to an upward trajectory in natural gas production after years of decline," Prime Minister Madbouly told reporters at his weekly press conference. Gas production had slid from more than 6.1 billion cubic feet per day to 4.2 bcf in recent years, but output is now gradually climbing, he added. The government plans to restore pre-crisis production levels by boosting investment in domestic resources and attracting foreign partners, with the giant Zohr field regaining capacity. "We aim to secure stable or higher output over the next two years," he said. Egypt is preparing five-year production plans that account for industrial demand and domestic consumption, Prime Minister Madbouly added. Floating storage and regasification units for imported gas will be phased out as local supply increases. The prime minister reaffirmed Egypt's commitment to international agreements, including a deal with Cyprus that will see Cypriot gas delivered to Egypt starting in 2027. Attribution: Amwal Al Ghad English
