Chevron and Egypt Ink MOU for Methane Management
Chevron and Egypt's Ministry of Petroleum and Mineral Resources (MOPMR) recently signed a memorandum of understanding (MoU) to share information and knowledge about reducing methane emissions.
Clay Neff, the President of Chevron International Exploration and Production, and H.E. Tarek El Molla, the Egyptian Minister of Petroleum and Mineral Resources, were present to witness the signing of the MoU. This MoU is an extension of the Sharm El Sheikh Oil & Gas Methane Reduction Roadmap announced by El Molla in November 2022 during the Decarbonization Day at COP 27. It also supports Egypt's participation in the Global Methane Pledge for the oil and gas sector.
“Decarbonisation is a core element of the Egyptian Ministry of Petroleum and Mineral Resources’ strategy. Due to its significant global warming potential, reducing methane emissions is key to supporting positive climate action," said H.E. Eng. Tarek El Molla.
“Therefore, we are prioritising 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 Decarbonisation Day, we will collaborate with our strategic partners like Chevron to further drive emissions reduction and reduce the carbon footprint of our hydrocarbon resources,” the Minister added.
Under this MoU, MOPMR employees will have the opportunity to participate in methane and decarbonisation study tours and workshops at Chevron facilities in the United States and other locations. This initiative aims to enhance their knowledge of methane control technologies, measurement practices, and carbon reduction projects.
“Chevron believes that reducing the carbon intensity of our industry is an important step to address climate change and collaboration is imperative. 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.
“Together we recognise the importance of programs that will support Ministry employees in expanding the necessary skills and knowledge to advance a methane management and ultimately a carbon reduction strategy in Egypt’s energy sector.”
Chevron strives to become a world leader in methane emissions performance and has taken measures to achieve this goal. The company has successfully decreased its upstream methane intensity by 50% since 2016.