Australia’s Tamboran signs gas pipeline, LNG deals

: Natural gas
23/06/23

Australian independent gas company Tamboran Resources has announced new agreements to progress its Beetaloo gas basin development in the Northern Territory (NT), with a pipeline contractor chosen and potential offtake partners identified for its proposed LNG plant.

The firm has entered initial agreements with BP and Shell to each purchase 2.2mn t/yr of LNG over a 20-year period. Tamboran was last month allocated a 170 hectare site at a new industrial precinct near Darwin for its proposed 6.6mn t/yr Northern Territory LNG (NTLNG).

The company said it will begin work on a front-end engineering design for NTLNG, planned for completion in 2024. The company is aiming for formal execution of sale and purchase agreements with BP and Shell in 2025.

"We look forward to progressing our agreements with both parties, who have both shown significant support to Tamboran through the accelerated discussions, which further emphasise the importance of LNG demand growth in the Asia-Pacific region," chief executive Joel Riddle said on 23 June.

Tamboran also announced pipeline operator APA has been selected as its preferred partner for a proposed pipeline, which will connect its planned Beetaloo pilot plant at Shenandoah South with APA's Amadeus gas pipeline. APA will spend A$10mn ($6.7mn) on preliminary studies over the coming year while also partnering with the NT government and Tamboran for talks on a possible connection to the proposed NTLNG.

A connection to the Amadeus gas pipeline would enable Tamboran to start deliveries in 2025 under the firm's existing 10-year 36.5 PJ/yr (949mn m³/yr) gas sales agreement with Australian utility Origin Energy, the firm said.

Beetaloo's estimated shale gas resources are internationally significant but the basin's development has been hindered because of a hydraulic fracturing moratorium imposed in 2016, which the NT government has subsequently lifted.

Fellow independent Empire Energy is also planning to start production from its Beetaloo development in 2025 and has signed an initial agreement with APA to send gas from the NT to eastern Australia where supply shortfalls are forecast this decade.

By Tom Major

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25/12/19

Trinidad not part of US blockade of Venezuela: PM

Kingston, 19 December (Argus) — Trinidad and Tobago is not involved in the US blockade of oil tankers entering and leaving from neighboring Venezuela, prime minister Kamla Persad-Bissessar said on Thursday. She rejected a Venezuelan government claim that her country is part of US president Donald Trump's current campaign against Venezuelan president Nicolas Maduro, and that it is supporting "the theft of Venezuelan oil." "We have no intention of engaging in any war with Venezuela," Persad-Bissessar said. But Trinidad's foreign ministry said on 15 December that the US is using the country's two airports for "logistical activities," including resupply for US operations and personnel rotations. Venezuelan vice-president Delcy Rodriguez accused Persad-Bissessar of being "hostile" to Venezuela, saying she "has turned her country into a US aircraft carrier to attack Venezuela, in an unequivocal act of vassalage." The US has stationed a large naval force in the waters near Venezuela since September and has destroyed several small boats in the area it said were carrying drugs, killing more than 80 people. Trump said in November he would order land strikes against Venezuela soon, and the US seized a tanker carrying Venezuelan crude earlier this month. Trinidad's rejection of the Venezuelan claims follow a standoff between the hydrocarbon producers over agreements to develop an offshore natural gas field in Venezuelan waters close to their maritime border that has an estimated 4.3 Tcf in reserves. Trinidad described a Venezuelan decision to terminate all natural gas supply contracts with it as "propaganda". The southwestern tip of gas-short Trinidad is 11 miles from Venezuela's north coast, and the country has been seeking gas from Venezuelan offshore fields to support up declining domestic output. By Canute James Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

W Australia's gas surplus outlook strengthens: Aemo

25/12/19

W Australia's gas surplus outlook strengthens: Aemo

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Energy Transfer halts plans for Lake Charles LNG

25/12/18

Energy Transfer halts plans for Lake Charles LNG

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US House passes bill to expedite permitting

25/12/18

US House passes bill to expedite permitting

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Ithaca first to try new UK North Sea regime

25/12/18

Ithaca first to try new UK North Sea regime

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