Tamboran enters binding agreements with APA to deliver the Sturt Plateau Pipeline
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Tamboran Resources Corporation has entered into binding agreements with APA to deliver the Sturt Plateau Pipeline, which will facilitate gas production from Tamboran's Shenandoah South Pilot Project starting in 2026. The gas will be supplied to the Northern Territory Government under a long-term agreement.
December 17, 2024 | 4:45 am
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POSITIVE IMPACT
APA has entered into a binding agreement with Tamboran Resources to operate the Sturt Plateau Pipeline, which will support Tamboran's gas production project. This partnership highlights APA's role in facilitating long-term gas supply.
APA's involvement in the Sturt Plateau Pipeline project with Tamboran Resources enhances its portfolio and role in the energy sector, potentially boosting its stock due to increased operational activity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Tamboran Resources has secured a key partnership with APA to deliver the Sturt Plateau Pipeline, crucial for its Shenandoah South Pilot Project. This agreement is a significant step towards commencing gas production by 2026.
The partnership with APA is crucial for Tamboran's gas production plans, indicating progress towards its 2026 target. This is likely to positively impact Tamboran's stock as it shows operational advancement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90