Now, Tamboran plans to engage with the parties to finalise legally binding gas sales agreements. Credit: Gajus via Shutterstock.

Australian gas company Tamboran Resources (Tamboran) has signed four non-binding letters of intent (LoI) to supply gas to East Coast buyers.

The LoI were signed with Origin, AGL, EnergyAustralia and Shell Energy Australia, for the supply of a total of 510 – 750 Terajoules (TJ) per day of gas for a duration of up to ten15 years.

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Tamboran will supply the gas from its low-reservoir CO₂ Beetaloo Basin gas assets.

Subject to commercial flow rates from the Beetaloo Basin assets, the first gas is planned to flow in 2028.

Now, Tamboran plans to engage with the parties to finalise separate, legally binding gas sales agreements (GSAs), which would specify the purchase price, modes of transportation, and other parameters.

The company stated that the GSAs will help the proposed pipeline work by APA Group between the Beetaloo Basin and the East Coast gas transmission network.

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Work on preliminary engineering studies and land access approvals have been started by APA, which secured the contract for the pipeline in June this year.

Tamboran Resources managing director and CEO Joel Riddle said: “We are excited to be working with these important gas and energy retailers who are expected to provide key offtake agreements which we expect will support the progress of APA’s proposed Beetaloo to East Coast Gas Pipeline.

“Tamboran plans to work closely with the Northern Territory, Australian Federal Government, APA Group and potential gas purchasers to progress the development of this important piece of future Australian infrastructure.

“With AEMO and the ACCC forecasting a potential domestic gas shortfall of ~500 TJ per day by 2030, volumes from the Beetaloo Basin could be a key solution to meeting this forecast demand.”

Last week, Tamboran awarded Concept Select Engineering phase work for its Northern Territory LNG project to John Wood Group (Wood).