Egypt and Chevron sign memorandum of understanding for gas cooperation in the eastern Mediterranean

The Egyptian Natural Gas Holding “EGAS” and Chevron have signed a Memorandum of Understanding to cooperate in the transport, import and liquefaction of gas exports in the Eastern Mediterranean.

Chevron plans to drill its first exploration well in its own area concession in the Mediterranean next September.

In another context, Chevron stated its willingness to play an active role and to cooperate in on projects for improving the environmental conditions of the energy industry.

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