New South Wales, Australia-based Tamboran has secured exclusivity for a 170-hectare project on the Middle Arm Sustainable Development Precinct from the Northern Territory Government to develop the proposed Northern Territory LNG (NTLNG) project.

The 170 hectares have been allocated on a ‘do not deal’ basis for a period of 12 months. This allows the company to progress a ‘concept select’ phase for the proposed liquefied natural gas (LNG) development.

Expected to utilise the low reservoir CO₂ gas from the Beetaloo Basin, the NTLNG project is due to start LNG production by 2030.

At the site, Tamboran plans to build an LNG project with an initial capacity of 6.6 million tonnes per annum, with the potential for future expansion.

This will be conditional on completion of the concept select study, successful Beetaloo appraisal and flow testing, and approvals from the government.

Tamboran Resources managing director and CEO Joel Riddle said: “Securing a strategic site at Middle Arm is a significant milestone for Tamboran and the Beetaloo Basin. The enormous scale of the Basin means that the low reservoir CO₂ natural gas has potential to deliver large and scalable volumes over the long term, not only for Australia’s East Coast gas market but also to international markets.

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“Providing affordable natural gas to Australia and our regional partners is anticipated to enable a reduced dependency on coal-fired power generation, while delivering a significant reduction in global greenhouse gas emissions.

Tamboran intends to sanction the proposed LNG development by 2026 if it is deemed commercially viable.

Riddle added: “We are excited to be working closely with the Northern Territory Government in realising their vision for the Middle Arm precinct and transformation of the NT’s economy to reach A$40bn ($27.2bn) by 2030.”