3rd Party Member Post – Northern Territory Gas Industry update

Following is an update on the Northern Territory gas industry provided to us by AJBCC member the Northern Territory Government that we thought would be of interest.

BEGINS

Tamboran Resources have announced another two Letters of Intent (LOIs) to supply gas to Australia’s east coast market, in addition to the four LOIs recently announced.  This takes total potential east coast volume to  600-875 terajoules (TJ) per day for up to 15 years with first gas via the proposed Beetaloo to East Coast pipeline in 2028.  This gas is in addition to the MOUs with BP and Shell for a combined 4.4Mtpa for 20 years, targeting completion of FEED in 2024 and formal execution of sale and purchase agreements in 2025.

Empire Energy announced that it was targeting first gas sales in 2025, over 200 TJ per day to the east coast and more than 1000TJ per day for LNG export via Darwin.

APA is working in partnership with Tamboran, Empire and Arafura Resources regarding their pipeline and energy requirements.

Eni have announced the acquisition of Neptune Energy group, which in Australia includes the Petrel gas field with an estimated resource over 1 trillion cubic feet and is proximate to the Blacktip gas field and related infrastructure.

INPEX and TotalEnergies have announced the acquisition of the Cash-Maple gas and condensate field (AC/RL7) with an estimated resource of 3.5 trillion cubic feet and proximate to the Ichthys LNG pipeline to Darwin which has multiple tie-in points.

In addition Santos continues to progress the development of Barossa to backfill a refurbished Darwin LNG facility for another 20 years with first gas targeted for 2025.

Both INPEX and Santos continue to advance their Bonaparte and Bayu-Undan Carbon Capture and Storage Projects.  The Northern Territory’s CCUS Hub as part of the Middle Arm Sustainable Development Precinct in collaboration with the CSIRO and industry continues and ratification of amendments of the London Protocol to enable companies to transport and store CO2 across international boarders has been tabled in the Australian Parliament.

As a reminder, key project and industry representatives will be in Darwin 13-14 September for NT Resources Week to discuss latest project and industry developments.

ENDS