APA Group (ASX:APA) today announces the execution of a Development Agreement, long-term GasTransportation Agreement (GTA) and Connection Agreement with Tamboran Resources Corporation (ASX:TBN, NYSE: TBN) and Daly Waters Energy, LP for the Sturt Plateau Pipeline (SPP) connection in the NorthernTerritory.
Under the agreements, APA will build, own and operate the SPP to connect the Tamboran Resources’ operatedShenandoah South Pilot Project to the Amadeus Gas Pipeline (AGP) in the Northern Territory.The pipeline will be approximately 37 kilometres in length, with construction targeted for completion in early2026. APA’s total construction costs for the project are currently estimated to be around $66.5 million.
The development is subject to certain milestones being met, including obtaining third-party approvals such as apipeline licence. Revenue will start being earned under the GTA upon first receipt of gas from the ShenandoahSouth Pilot Project for transportation to the AGP, which is expected to be operational in H1 2026. The GTA willcontinue until at least 2041.
TBN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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