Squire Patton Boggs Advises Tamboran Resources on Long Term Gas Supply Deal with the Northern Territory Government

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Squire Patton Boggs has advised Tamboran Resources Corporation, a public natural gas company, on its first long-term gas sales agreement to supply the Northern Territory Government 40 TJ per day, which constitutes around two-thirds of the Territory’s current gas requirements, from the proposed Shenandoah South Pilot Project. Starting in H1 2026, the agreement is for an initial term of nine years with an option to extend it for a further six-and-a-half years through to 2042, conditional on Tamboran securing access to the necessary pipeline infrastructure and receiving required regulatory approvals.

The Squire Patton Boggs team that drafted and negotiated the gas supply deal was led by Sydney Energy and Natural Resources partner Tatiana Gotvig, and included Tax counsel Louise Boyce and associate Roman Petrovsky.

Ms. Gotvig said: “We congratulate Tamboran on this important milestone. 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. We are pleased to have supported Tamboran in achieving this milestone and look forward to working with Tamboran on a fully termed gas supply agreement.”

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