Chevron New Ventures announces MoU with Egypt on methane management

Chevron New Ventures PTE. LTD. and the Egyptian Ministry of Petroleum and Mineral Resources announced they have signed a memorandum of understanding, or MoU, to share best practices and expertise related to the reduction of methane emissions. "The MoU, witnessed by Clay Neff, president of Chevron International Exploration and Production and H.E. the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, builds on the Sharm El Sheikh Oil & Gas Methane Reduction Roadmap that was announced by El Molla during Decarbonization Day at COP 27 in November 2022. It is aligned with Egypt’s membership in the oil and gas track of the Global Methane Pledge," the company stated.