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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt: US Chevron to Drill First Exploration Well in Eastern Mediterranean

Chevron Egypt Mediterranean Natural Gas Chevron Corp Michael Wirth Petroleum United States
Egypt’s state-owned gas company and Chevron Corp sign a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export. (Asharq Al-Awsat)

Egypt’s state-owned gas company and United States-based Chevron Corp signed on Monday a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export, the petroleum ministry stated on Monday.

The memorandum of understanding signed by Egyptian Natural Gas Holding Company (EGAS) and Chevron will consider transport, import, liquefaction and export of natural gas from the eastern Mediterranean, the ministry explained.

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