February 06, 2023 10:12 GMT
Chevron Eyes Algeria Gas Exploration Deal
Chevron is in talks with Algeria for the exploration of shale gas as the country aims to replace Russian supplies to Europe, according to people familiar with the matter.
- Chevron has recently stepped-up efforts to assess the country’s resources of shale and non-shale gas.
- In 2020, Chevron signed a MoU with Algeria’s Sonatrach to investigate natural gas opportunities in 2020 but progress had been slow.