Jemena has announced that it has signed an agreement with Tamboran Resources to increase the capacity of its Northern gas pipeline (NGP) and extend it from the Northern Territory to Queensland.
The memorandum of understanding (MOU) will see Jemena expedite plans to invest more than $5 billion in the NGP, while Tamboran, which holds 25 per cent of Santos’ exploration venture for the Beetaloo, will be responsible for upstream activities across the basin.
Jemena managing director Frank Tudor said the MOU demonstrates that the industry is working collaboratively to bring new gas to the east coast to underpin long-term security of supply.
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