Egypt and Chevron discuss Aphrodite gas field connection and energy cooperation

Prime Minister Mostafa Madbouly met with Clay Neff, President of Chevron’s global exploration and production business, to discuss Chevron's development plans in Egypt and its strategy for transporting Cypriot natural gas to the Egyptian market. Key topics included the Aphrodite gas field project in Cyprus and plans to connect it to Egypt’s infrastructure for processing and transportation. Discussions also covered the roadmap for implementing this connection, aiming to strengthen regional integration in the Eastern Mediterranean gas sector. Neff reiterated Chevron’s commitment to offshore exploration, with investments in Mediterranean drilling activities estimated at $60 million. The meeting also reviewed progress in Chevron's two concession areas in Egypt and explored opportunities for cooperation in emissions reduction, including carbon capture and storage technologies, as part of the company’s 2026 investment plans. Potential expansion of renewable energy projects was also discussed. Neff mentioned new agreements signed at EGYPES 2026 to launch additional projects in Egypt, affirming Chevron’s commitment to supplying the local market with more natural gas. Prime Minister Madbouly expressed interest in expanding the partnership with Chevron and encouraging further investment in the Egyptian market, including projects in both the Mediterranean and Red Seas.