Italy’s Eni, through Agiba Petroleum Company, its joint venture with the Egyptian General Petroleum Corporation (EGPC), has initiated start-up activities at the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert. The project introduces gas-processing capacity of up to 1 bcm/year as Eni advances the development of a new gas hub within the Merged Meleiha concession (Eni press release, 20/10/2026).
The project’s infrastructure comprises development wells, gathering systems, trunklines and a dedicated gas export pipeline linking new production to Egypt’s existing gas network.
The facilities are designed to process gas from nearby fields, facilitate the commercialization of resources and enhance operational efficiency. The project is also expected to increase natural gas supplies to Egypt’s domestic market, according to Eni.
In 2021, Eni announced discoveries in the Meleiha and South West Meleiha concessions, with estimated resources of 50 mboe in place. More recently, the company reported a gas and condensate discovery in the Temsah Concession, with estimates indicating approximately 57 bcm of gas initially in place and 130 mbl of associated condensates (KEI, 09/04/2026).
In Egypt, Eni recorded hydrocarbon production of approximately 242 kboe/d on an equity basis in 2025. Through its subsidiaries and joint ventures, the company operates across the entire energy value chain, covering exploration, development and production activities.
Egypt has significant hydrocarbon resources, with 462 Mt of oil reserves and 2,209 bcm of natural gas reserves in 2025, according to our data. However, the country is striving to increase its gas output. After peaking at 71 bcm in 2021, gas production declined by an average of 15%/year, reaching 38 bcm in 2025, as output from the country’s largest gas field fell. As a result, Egypt has been a net gas importer since 2024 (Enerdata Global Energy Research).