Australia's Tamboran signs deals to supply LNG to bp and Shell
(Reuters) - Australia's Tamboran Resources on Friday announced two non-binding agreements to supply 4.4 million tons of liquefied natural gas a year to bp and Shell from its proposed Northern Territory LNG (NTLNG) project.
Under the memorandum of understandings (MOUs) singed with bp Singapore and Shell Eastern Trading, Tamboran will supply 2.2 million tons of LNG per annum (MTPA) each over a 20-year period from the NTLNG project.
"Securing these MOUs with bp and Shell is a significant step in progressing the proposed NTLNG development at Middle Arm," Tamboran CEO Joel Riddle said in a statement.
The company expects a formal execution of the LNG sale and purchase agreements in 2025 and is currently targeting first LNG production from the NTLNG project by 2030.
Tamboran had previously said the NTLNG project represents the first fully integrated onshore LNG development in Northern Australia, where upstream, midstream and downstream production and processing are based in the Northern Territory.
Related News
Related News
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
Comments