Highlights
Tamboran Resources Corporation (ASX:TBN) signs agreement with Native Title Holders and Northern Land Council
Approval enables appraisal gas sales from Beetaloo Basin exploration permits under Beneficial Use of Gas legislation
Supply arrangement supports Northern Territory’s energy system through gas from Shenandoah South Pilot Project
ASX 200 energy company Tamboran Resources Corporation (ASX:TBN) has entered a landmark agreement with Native Title Holders and the Northern Land Council, marking a significant advancement in the Beetaloo Basin’s gas development framework. This agreement grants the Beetaloo Joint Venture the ability to undertake gas sales under the Northern Territory’s Beneficial Use of Gas legislation.
Details of the agreement
The arrangement allows for the production and sale of appraisal gas from Exploration Permits 98 and 117. This production is planned to come from the Shenandoah South Pilot Project, a development aimed at progressing the region’s energy capabilities. The Beetaloo Joint Venture will now direct its efforts towards obtaining the necessary regulatory approvals for sustained production in the future.
Commitment to regional supply
Under an initial supply commitment, the Beetaloo Joint Venture has agreed to deliver gas to the Northern Territory Government over an extended period. This supply is expected to bolster energy security in a region where gas-fired generation is a primary source of power. Subject to environmental conditions and standard stakeholder approvals, the first delivery from the Shenandoah South Pilot Project is anticipated within the next operational phase.
Collaboration with Native Title Holders
The agreement reflects a cooperative approach between Tamboran Resources Corporation and Native Title Holders, ensuring the development of the Beetaloo Basin aligns with community interests. This collaboration includes a mix of financial and non-financial benefits designed to enhance local economic participation and skills development.
Local economic and social outcomes
Tamboran Resources Corporation has outlined programs that aim to generate employment, provide training, and create contracting opportunities for Indigenous communities. The company has reiterated its commitment to ensuring the Beetaloo Basin’s growth delivers tangible benefits, such as business development and job creation, for the Northern Territory’s regional population.
Focus on sustainable development
By aligning project execution with community engagement, the company is reinforcing its role in shaping an energy framework that supports both local economic growth and environmental stewardship. Continued collaboration with the Northern Land Council is expected to guide the project’s progress in a way that respects cultural heritage while advancing the Northern Territory’s energy infrastructure.
Frequently Asked Questions
- What is the Beneficial Use of Gas legislation?
It is a Northern Territory framework that allows certain gas production during the appraisal phase to be sold commercially. - Where are Exploration Permits 98 and 117 located?
These permits are in the Beetaloo Basin, a key onshore gas development area in the Northern Territory. - What is the Shenandoah South Pilot Project?
It is an initiative by the Beetaloo Joint Venture aimed at producing appraisal gas for the Northern Territory’s energy market.