Chevron, Egyptian government partner to reduce methane emissions
(WO) – Chevron New Ventures PTE. LTD. (“Chevron”) and the Egyptian Ministry of Petroleum and Mineral Resources (MOPMR) have signed a memorandum of understanding (MoU) to share best practices and expertise related to reducing methane emissions.
The MoU includes methane and decarbonization study tours and workshops for MOPMR employees at Chevron facilities in the U.S. and other locations, to build awareness of methane control technologies, measurement practices and projects to effectively reduce carbon 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.
“We are prioritizing the reduction of methane emissions from Egypt’s oil and gas sector, in line with Egypt’s membership in the Global Methane Pledge. Building on the success of COP27 Decarbonization Day, we will collaborate with our strategic partners like Chevron to further drive emissions reduction and reduce the carbon footprint of our hydrocarbon resources,” said H.E. Eng. Tarek El Molla.
“Since last year we have been working with the Egyptian Ministry of Petroleum and Mineral Resources on an agreement related to developing and strengthening best practices on methane abatement,” said Neff.
Chevron’s upstream methane intensity has been reduced by 50% since 2016.