TBN - CEFA Agreement21 Jun 2023 00:02
Tamboran secures exclusivity over compression and mini-LNG facilities for
potential early Beetaloo production
Highlights
• Tamboran Resources (Tamboran) has entered into a Framework Agreement with the Clean
Energy Fuels Australia (CEFA) group of companies including Clean Energy Fuels Australia
Marketing Pty Ltd (CEFAM) to obtain exclusivity over gas compression and liquefaction facilities
for potential early production from the Beetaloo Basin.
• These facilities have the potential to accelerate gas production and minimise flaring from
appraisal wells under the Northern Territory's "beneficial use of gas" regulation as early as 2024,
subject to standard regulatory, stakeholder and joint venture consents and approvals.
• 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.
• The existing compression facilities can be expanded to utilise any available capacity in either the
Amadeus Gas Pipeline (AGP) or McArthur River Pipeline (MRP).
• Tamboran has also secured exclusivity over a mini-LNG facility for four months, which could be
deployed to supply remote NT communities or mines by the end of 2024, subject to approvals.
• The supply of LNG into the region aims to provide a cleaner and economic alternative to diesel
for electricity generation and fuel in the transport and mining industries. This is in line with the
Federal Government's Clean Energy Regulations “Emissions Reduction Guidelines”.
Tamboran Resources Limited (ASX: TBN) Managing Director and CEO, Joel Riddle, said:
“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.
"We have committed to the Northern Territory Government to deliver early gas from the Beetaloo Basin to
the domestic NT market. This is the first step in fulfilling our promise to provide these remote communities
with alternative affordable and cleaner fuel.
https://hotcopper.com.au/threads/ann-tamboran-enters-framework-agreement-with-cefa-facilities.7439080/
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