Tamboran Resources has obtained exclusivity over gas compression and liquefaction facilities for potential early production from the Beetaloo Basin.
Tamboran, after entering a framework agreement with Clean Energy Fuels Australia (CEFA), aims to accelerate gas production at the Beetaloo Basin gas field in Northern Territory.
“Securing exclusivity over these facilities is a significant step towards achieving first production from the Beetaloo Basin and providing low reservoir CO2 gas to local communities and industry that are currently reliant on diesel for fuel and electricity generation,” said Tamboran managing director and chief executive officer Joel Riddle.
“We have committed to the Northern Territory Government to deliver early gas from the Beetaloo Basin to the domestic Northern Territory market.
“This is the first step in fulfilling our promise to provide these remote communities with alternative affordable and cleaner fuel.”
The parties will work together to finalise a contract for long term use of the compression and gas conditioning facility for the proposed pilot development. Exclusivity will last until the end of 2023 when the parties expect to move into longer term arrangements.
Tamboran has also secured exclusivity over a mini- liquefied natural gas (LNG) facility for four months, which could be deployed to supply remote Northern Territory communities or mines by the end of 2024, subject to approvals.
The facility could provide a cleaner and economic alternative to diesel for electricity generation and fuel in the transport and mining industries, in line with the Federal Government’s clean energy regulations.
“It can sometimes take years to secure this type of infrastructure, and we look forward to working with the Clean Energy Fuels Australia team to progress these agreements,” said Riddle.
“The team has demonstrated strong commercial thinking in offering a solution to achieve early production through this legislative change.”
Subscribe to Energy Today for the latest project and industry news.