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Tamboran Resources Limited Selects APA as Preferred Beetaloo Pipeline Partner
Today at 05:30 pm

TAMBORAN RESOURCES LIMITED

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Sydney, Australia (ABN Newswire) - Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNNY) has selected APA Group (ASX:APA) as the preferred transmission pipeline partner for Tamboran's Beetaloo Basin development following a six-month competitive process.
APA and Tamboran have signed a term sheet, which is planned to be converted into a longerform agreement in the coming months, to jointly develop gas transmission pipelines to connect Tamboran's Beetaloo Basin assets to Australia's domestic East Coast gas market and Tamboran's proposed Northern Territory LNG development at Middle Arm.
The principles of the term sheet between APA and Tamboran are that:
- APA will fully fund all activities proposed under the strategic partnership, including spending of up to $10 million on studies and approvals over the next twelve-months.
- APA will commence a project to install a gas pipeline connecting Tamboran's proposed pilot development at Shenandoah South (SS) to the Amadeus Gas Pipeline (AGP), targeting completion by 2025.