Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with Clay Neff, President of the Chevron International Exploration and Production, during his London visit.

The meeting tackled the developments of the company’s activities in Egypt and its plans to increase production in its various concession areas to search for natural gas and oil.

Moreover, they reviewed the operational status of the development of the offshore Nargis field, which was announced last January 2023, in which Chevron (the operator) invests in its concession area in partnership with the Italian company Eni.

The meeting further discussed the development of the company’s fields in the eastern Mediterranean region and bilateral cooperation to expedite the transfer of gas from the eastern Mediterranean fields to re-export it to Europe via Egypt. This will be done through Egyptian gas liquefaction plants that will convert natural gas to liquefied natural gas  (LNG) ready to be shipped to European markets. These efforts are within the framework of Egypt’s mission to become a regional hub for the circulation and trade of natural gas.