NewMed Energy, Chevron Mediterranean Limited and Ratio Energies teaming up on plan to boost production capacity from about 12 billion to 14 billion cubic meters per year

Field estimated to hold 2-3 trillion cubic feet of hydrocarbon fuel, as eastern Mediterranean including Israel's territory estimated to have enough supply for export until 2050

Petroleum minister tells parliamentary committee well in Nagris block still being evaluated; energy newsletter reports its size as 3.5 trillion cubic feet

Israel's NewMed and Adarco Energy each awarded 37.5% stake in Boujdour Atlantique, with license for 8 years; Morocco to get remaining share

Last week's deal with France's TotalEnergies and Italian ENI included approval for state-owned energy giant to join group exploring in formerly disputed area

France's TotalEnergies and hydrocarbon giant ENI to begin exploration in formerly disputed area straddling maritime border between Jewish state and its northern neighbor

Mutual interest in offshore natural gas fields could help stave off conflict but won't have broader political clout of Abraham Accords, may not even give Lebanese financial relief

Country wracked by political turmoil and financial chaos still has no proven gas reserves and likely would be able to pump any it discovers only in 5-6 years

Exploration in East Mediterranean region slated to begin August 9; Ankara has a maritime border dispute with Greece and Cyprus

Decision comes after Lebanese president presents proposals on disputed maritime border to US energy envoy Hochstein