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Major Territory Natural Gas Project hits new Milestone

19 Jun 2024 11:44 AM | Anonymous

The Lawler Labor Government is continuing to back industries that grow our economy, create working opportunities and secure our energy future.

Today, the Territory Government has awarded Major Project status to Tamboran Resources for their Beetaloo basin project, and Liquefied Natural Gas (LNG) export terminal at the Middle Arm Sustainable Development Precinct (MASDP).

Major Project Status provides Tamboran with significant benefits, including the Territory Governments acknowledgement of the Beetaloo Basin’s significance to the Territory’s economic prosperity and working and training opportunities.

Tamboran recently secured approval of its environmental management plan by the independent EPA for the drilling and flow testing of more wells in the Beetaloo. Tamboran has also completed its concept select process for a site it is seeking to develop at Middle Arm.

Territorians can have confidence that Tamboran’s integrated approach to development will support the growth of the on-shore gas industry in the Beetaloo Basin – which is expected to boost the Territory economy by over $17 billion and create thousands of working opportunities for many years to come – and support the development of the Middle Arm Sustainable Development Precinct.

Middle Arm will support up to 20,000 working opportunities for Territorians, with multiple proponents already slated for development.

The Lawler Government has signed a deal with Tamboran that will provide Territory gas for Territorians for nine years with an option to extend for another six-and-a-half years. This means the first gas from the Beetaloo Basin that is expected to be will be delivered to Territory power generators is expected in the first half of 2026

Tamborans Major Project status also provides assurances to investors of the importance that the Lawler Labor Government places on natural gas – creating more investment opportunities in the Territory.

Source: Northern Territory Newsroom

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