Proactive’s Tylah Tully breaks down ‘Just the facts’ of the latest news from Tamboran Resources Corporation (ASX:TBN, NYSE: TBN).
Tamboran has signed a non-binding MoU with Santos Ltd to collaborate on technical studies for the potential expansion of the Darwin LNG (DLNG) facility in Australia’s Northern Territory.
The expansion, referred to as Train 2, could increase the facility’s LNG capacity by ~6 million tonnes per annum (MTPA), adding to the existing 10 MTPA operation at Middle Arm.
The MoU also focuses on commercialising natural gas from the jointly owned EP 161 acreage in the Beetaloo Basin, where Santos holds a 75% stake and Tamboran owns 25%.
Tamboran estimates the Beetaloo Basin holds approximately two million net prospective acres, with significant gas resources capable of supplying Northern Territory and East Coast gas markets for decades.
Tamboran is advancing its Northern Territory LNG (NTLNG) project, currently in pre-FEED studies, while aiming to supply gas to domestic and international LNG markets, including Darwin and Gladstone.
The long-standing partnership between Tamboran and Santos in the Beetaloo Basin underscores the potential for unlocking further shale gas resources to support LNG expansion efforts.
Tamboran’s strategic efforts are designed to deliver value for shareholders and contribute to Australia’s energy market.