Under the deal, Tamboran will generate enough natural gas to cover about 2/3 of the demand in NT
Squire Patton Boggs (SPB) has helped public natural gas company Tamboran Resources Corporation on its inaugural long-term gas sales agreement.
Under the agreement, Tamboran will supply the NT government with 40 TJ of natural gas per day from the planned Shenandoah South Pilot Project. This volume accounts for roughly two-thirds of the territory's current gas demands.
"This is a hugely significant deal that secures the first revenue stream to enable Tamboran to continue to invest in future development of its shale gas assets in the Beetaloo Basin, supply gas to the East Coast gas markets and, potentially LNG for export, while supporting energy security in the Northern Territory", lead partner Tatiana Gotvig said.
The agreement is set to commence in the first half of 2026 and has an initial term of nine years with an option to extend for another six-and-a-half years until 2042. This option is contingent upon Tamboran obtaining access to the needed pipeline infrastructure and securing the required regulatory approvals.
Gotvig headed up the team from SPB that was tasked with drafting and negotiating the deal. She worked with tax counsel Louise Boyce and associate Roman Petrovsky.
