Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, held talks with the Managing Director of TotalEnergies in Egypt and Cyprus, Pascal Breant, on the company’s planned expansion of gas exploration activities, focusing on the deep Herodotus Basin in the western Mediterranean.
In a statement on Thursday, April 30, 2026, the Ministry of Petroleum said the minister welcomed TotalEnergies’ intentions to increase its investments in natural gas exploration, highlighting that the Egyptian petroleum sector continues to offer attractive opportunities for strategic partners. Natural gas is considered a cornerstone of the ministry’s strategy to boost domestic production.
Badawi said the Mediterranean region is a key priority for future exploration efforts, creating new avenues for cooperation with leading international energy companies.
He also underscored Egypt’s strong infrastructure, extensive expertise, and promising resource potential in the petroleum and gas sector.
Badawi emphasized the government’s commitment to fostering a favorable investment environment and incentivizing partners to accelerate project implementation.
For his part, Breant praised the ministry’s support for international partnerships, describing Egypt as a strategic market for TotalEnergies.
He confirmed the company’s intention to strengthen its presence and investment in natural gas exploration, particularly in the Mediterranean region, given its promising prospects.
Both sides agreed on the necessity of accelerating ongoing discussions and maintaining technical coordination to sign a Memorandum of Understanding (MoU) in the near future and launch joint exploration projects.
Egypt, TotalEnergies review gas exploration expansion plans Egypt Independent.
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