Tamboran Resources Corporation (ASX:TBN) Signs Pipeline Agreements with APA
Pipeline Agreements
Tamboran Resources Corporation has entered binding agreements with APA Group for the construction and operation of the Sturt Plateau Pipeline (SPP). This 23-mile pipeline will link the proposed Sturt Plateau Compression Facility to the existing Amadeus Gas Pipeline, ensuring a delivery point for gas volumes under the Gas Sales Agreement with the Northern Territory Government.
Both Tamboran and Daly Waters Energy have secured foundation capacity on the SPP, which will last until at least 2041. The pipeline project is advancing, with APA set to place orders for long-lead packages before the end of 2024, aiming to commence construction in the second half of 2025.
Future Outlook
The SPP will be operational and capable of accepting gas from the Shenandoah South Pilot Project in the first half of 2026. Joel Riddle, Managing Director and CEO of Tamboran Resources Corporation, emphasised the significance of these agreements, stating, “We continue to secure key agreements necessary to commence gas production from our proposed Shenandoah South Pilot Project in the first half of 2026.”
He highlighted Tamboran’s commitment to ensuring a reliable energy supply while adhering to high environmental standards, with strong support from Native Title Holders and APA Group’s extensive experience in the region.
Company Background
Tamboran Resources Corporation is the largest acreage holder and operator in the Beetaloo Sub-basin, with approximately 1.9 million net prospective acres under its control. The company focuses on natural gas production and infrastructure development within the Greater McArthur Basin, Northern Territory.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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