Egypt and the Italian energy group Eni announced on Tuesday, April 7, 2026, the discovery of a significant offshore natural gas field in the eastern Mediterranean, at the Temsah field. Initial estimates suggest around 2 trillion cubic feet of gas, or nearly 57 billion cubic meters.
The field would also contain approximately 130 million barrels of condensate, a very light oil. According to the Egyptian Ministry of Petroleum, this will help increase national production and reduce energy imports. A first well is being prepared for testing, before potential additional drilling and the installation of a production platform at sea.
Egypt is currently facing difficulties in gas supply, exacerbated by disruptions in deliveries from Qatar and Israel due to the conflict in the Middle East. This situation has led authorities to adopt energy-saving measures and increase fuel prices, while the monthly energy bill has significantly increased.
According to Egyptian officials, the country’s monthly energy bill has tripled, rising from $560 million (approximately €466 million) to $1.65 billion (approximately €1.483 billion).
