The expanded BRICS bloc is rapidly strengthening its position in the global energy market, with one report highlighting its potential to achieve a staggering output of 2 billion cubic meters of natural gas per day. This immense production capacity—a figure equivalent to approximately 12.5 million barrels of oil per day—is driven by recent major discoveries and production boosts among member states, particularly the new full members. The scale of this output would effectively surpass the total production volumes of established energy exporters like Brazil and Canada.
A significant contributor to this surge is Egypt, which recently announced the completion of drilling a new well in the Zohr gas field in the Mediterranean Sea. The Zohr gas refinery alone has an estimated production capacity of approximately 2 billion cubic meters of gas per day. This milestone reinforces Egypt’s role as a major energy powerhouse, enabling it to expand its domestic energy mix, achieve self-sufficiency, and consolidate its position as an important regional gas exporter.
The overall energy might of the expanded BRICS bloc—which includes major producers Russia, Iran, Saudi Arabia, and the UAE—is formidable, collectively accounting for 43.6% of global oil production and 36% of the world’s natural gas production. This concentration of energy assets signals that BRICS members are leveraging their resources not just for domestic needs, but for global influence, which could affect pricing, trade flows, and the geopolitics of the international energy market.
