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Egypt Secures $340M in Energy Deals to Boost Gas Production

9/1/2025

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Summary

Story summary

Egypt signed four exploration agreements totaling over $340 million with firms like Shell and Eni to drill 10 wells.
The agreements address a 40% decline in natural gas production since March 2021.
These efforts are part of Egypt's strategy to stabilize and boost energy output amid increasing domestic demand.
Shell's agreement is the largest at $120 million, followed by Eni at $100 million and Arcius Energy at $109 million.

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Story summary

Egypt signed four exploration agreements totaling over $340 million with firms like Shell and Eni to drill 10 wells.
The agreements address a 40% decline in natural gas production since March 2021.
These efforts are part of Egypt's strategy to stabilize and boost energy output amid increasing domestic demand.
Shell's agreement is the largest at $120 million, followed by Eni at $100 million and Arcius Energy at $109 million.