Tamboran Resources has signed a binding gas sales agreement (GSA) with the Northern Territory Government.
Under the GSA, the company will supply 40 terajoules (TJ) for 15 years from the proposed Shenandoah South Pilot project.
The GSA will begin in the first half of 2026 and will run for an initial nine years before extending for a further six and a half years through to 2042.
The daily volume under the GSA represents two thirds of the NT’s current gas requirements.
Tamboran Resources managing director and chief executive officer Joel Riddle said the GSA is a significant milestone for the company.
“Tamboran has always promised that our first gas production from the Basin would be to the benefit of Territorians and we are excited to play our part in boosting energy security in the Northern Territory,” Riddle said.
“This is a transformational development for Tamboran and our partners, after ten years of hard work and more than $500 million invested in Beetaloo exploration and appraisal activities.”
Riddle said to keep up with demand, the NT needs to have a steady supply of gas.
“With electricity in the Northern Territory predominantly sourced from gas-fired power,” Riddle said, “it is key that the Northern Territory has a readily available gas supply to keep the lights on.”
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