Cairo — Italy’s Eni has confirmed plans to invest $2 billion in Egypt in 2026, as part of efforts to expand natural gas production and strengthen its long-term partnership with Cairo, according to official statements from the Egyptian government during the Egypt Energy Show 2026.
The commitment was announced following a meeting between Mostafa Madbouly and Eni’s Chief Operating Officer Guido Brusco, where both sides discussed accelerating development across existing gas fields and increasing output to meet rising domestic demand.
Eni indicated that the investment will focus on exploration, field development, and boosting production from current assets, including offshore Mediterranean operations. The company also aims to support Egypt’s export capacity while reinforcing its role as a key foreign investor in the country’s energy sector.
The Egyptian government reaffirmed its commitment to providing a stable and investor-friendly environment, positioning international partnerships as central to its strategy to close the supply-demand gap in natural gas and strengthen its status as a regional energy hub.
The announcement, issued through official cabinet channels, underscores continued foreign investor confidence in Egypt’s upstream sector amid ongoing efforts to scale production and secure energy supplies.
