Tamboran Resources Ltd., Sydney, secured an exclusive right over a 170-hectare (420 acres) site at the Middle Arm Development Precinct in Darwin Harbour, Northern territory, for a proposed LNG development.
The project, Northern Territory LNG (NTLNG), is expected to be supported by low CO2 gas from the onshore Beetaloo basin.
The acreage has been allocated by the Northern Territory Government on a ‘do not deal’ basis for 12 months which enables the company to progress a concept select phase for a proposed LNG development, the company said.
The plan is to use the site to host an LNG development with an initial capacity of 6.6 million tonnes/year (tpy) of LNG with expansion potential. The project is subject to completion of the concept study as well as successful Beetaloo appraisal drilling and flow testing in the company’s operated permits, as well as government approvals.
Tamboran holds interests in permits EPs 161, 136, 98, 117, and 76 with potential resources held in Velkerri A, B, and C shale reservoirs.
Tamboran says NTLNG represents the first fully integrated onshore LNG development in Australia’s north where upstream, midstream, and downstream production and processing will be based in the Northern Territory.
Tamboran is targeting first LNG production by 2030, with a near-term commitment to ensure supply to the Northern Territory and east coast markets.
Currently, front-end engineering and development (FEED) studies are continuing for the company’s proposed 100 MMcfd domestic pilot plant development in its Beetaloo permits with volumes contracted to Origin Energy for 10 years.
Middle Arm Sustainable Development Precinct is sited on a peninsula south of Darwin that already hosts Ichthys LNG and Darwin LNG production plants.