Energy Club NT - Tamboran Resources: Signs non-binding LNG MOUs with bp and Shell

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Tamboran Resources: Signs non-binding LNG MOUs with bp and Shell

Tamboran Resources: Signs non-binding LNG MOUs with bp and Shell

23 Jun 2023 10:30 AM | Stephanie Berlin (Administrator)

Tamboran Resources signs two MOUs with bp and Shell for supply of 4.4 MTPA of LNG from the Company’s proposed NTLNG development

Highlights

Tamboran has entered into two non-binding Memorandum of Understandings (MOU) with BP Singapore Pte. Limited (bp), a subsidiary of BP plc., and Shell Eastern Trading (Pte) Ltd. (Shell), a subsidiary of Shell plc. regarding the potential purchase of liquefied natural gas (LNG) from Tamboran’s proposed NTLNG project at Middle Arm.

The two MOUs include volumes for bp and Shell to each purchase up to 2.2 million tonnes of LNG per annum (MTPA) over a 20-year period.

Gas volumes have the potential to be supplied from Tamboran’s Beetaloo Basin gas assets, subject to completion of the Concept Select studies, successful Beetaloo appraisal drilling and Government approvals.

Tamboran to progress discussions with both bp and Shell prior to the completion of the FEED in 2024 and aim for formal execution of the LNG Sale and Purchase Agreements (SPA) in 2025

To view the full ASX Announcement, click here.

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