Major Project Status granted to Tamboran Resources' Beetaloo Basin Project

The Northern Territory Government continues to support industries that help grow the local economy, generate jobs and secure the Territory’s energy future. 

Major Project Status has been granted by the Territory Government to Tamboran Resources for its Beetaloo Basin Project and Liquefied Natural Gas (LNG) export terminal at the Middle Arm Sustainable Development Precinct (MASDP). 

The granting of Major Project Status to Tamboran Resources also provides assurance to investors of the importance that the Northern Territory Government places on natural gas, and possibly creating more investment opportunities in the Territory.  

“We’re backing the industries that get the Territory working – and that’s why my Government is supporting the onshore gas industry. 

“My common sense plan will make sure that the benefits from Territory gas are spread right across the Territory for local residents, businesses and industry. 

“This is a key milestone for Tamboran and it lets investors know the Territory is open for business – and this is where opportunity and reward are plentiful,” Chief Minister Eva Lawler said. 

Granting Major Project Status will give Tamboran Resources significant benefits such as the Territory Government’s acknowledgement of the Beetaloo Basin Project’s significance to the Northern Territory’s economic growth as well as the creation of work and training opportunities. 

Tamboran Resources has also recently secured approval from the independent Environmental Protection Authority (EPA) for drilling works and flow testing of more wells in the Beetaloo. In addition, the company has completed its concept select process for a site it is seeking to develop at Middle Arm. 

Territorians can have confidence in Tamboran Resources’ integrated development approach to support growth in the onshore gas industry in the Beetaloo Basin alongside the development of the Middle Arm Sustainable Development Precinct. 

The Beetaloo Basin Project is expected to boost the local economy by more than $17 billion and create thousands of jobs now and into the future. 

Middle Arm is estimated to support up to 20,000 working opportunities for Territorians, with several proponents already slated for development. 

“Recognition of Major Project Status demonstrates NTG’s (Northern Territory Government) support for the development of the Beetaloo Basin. It also recognises Tamboran’s commitment to work closely with the Government to ensure the benefits of our development are delivered to all stakeholders within the Territory. 

“We look forward to working closely with the Government in ensuring our development plays a major role in achieving the NTG’s long-term economic plan, including the potential for the Beetaloo asin to support 13,000 jobs and increase economic activity by $17 billion by 2040. 

“The Beetaloo Basin is an economically significant project for the Northern Territory, which is expected to deliver energy security and job opportunities to Territorians, and millions of dollars in royalties to Native Title Holders and the NTG for decades to come,” Tamboran Resources Corporation Managing Director and CEO Joel Riddle said. 

Furthermore, the Northern Territory Government has signed a deal with Tamboran Resources for the supply of gas for Territorians for nine years, with an option to extend for another six and a half years. 

This agreement means that the first gas from the Beetaloo Basin Project will be delivered to Territory power generators – expected in the first half of 2026. 

“The Northern Territory will be the jurisdiction to deliver cleaner and more affordable energy to Australia and the world. 

“Territorians will benefit from backing in this industry,” Minister for Mining Mark Monaghan said. 

Source: Northern Territory Government Newsroom; Tamboran Resources (1, 2); Petroleum Australia; The Australian Pipeliner