Shell and BP line up for Northern Territory LNG

摘要

UK supermajors BP and Shell are both eyeing long-term liquefied natural gas supply deals from Tamboran Resources' proposed greenfield Northern Territory LNG (NTLNG) project in Australia's Northern Territory, for which it has just lined up a preferred pipeline partner.The industry heavyweights have each signed a non-binding memorandum of understanding with Tamboran for up to 2.2 million tonnes per annum of LNG apiece over a 20-year term. The proposed NTLNG project at Middle Arm is envisaged as an up to 6.6 million tpa scheme.Tamboran aims to progress discussions with Shell and BP before the front-end engineering and design work is completed next year with the intention of formalising LNG sales and purchase agreements in 2025.