Australia's Tamboran aims to be net-zero by 2025
Sydney-listed gas explorer Tamboran Resources is targeting to become a net-zero gas producer when the company initiates its first production by the end of 2025, it said on August 18.
“Tamboran Resources Limited's vision is to play a role in the global energy transition by responsibly investing in the development of clean, low CO2, unconventional natural gas resources in the Beetaloo sub-basin of the Northern Territory and ultimately at the point of first gas sales be a net-zero emissions producer for our equity share of Scope 1 and Scope 2 GHG emissions,” it said.
The company said its "Core Beetaloo" asset base is positioned to deliver gas to the east coast domestic market, the Gladstone LNG and Darwin LNG. Tamboran's key assets in the Beetaloo sub-basin are a 25% interest in EP 161 and 100% interests in EP 136, EP 143 and EP(A) 197.
The Australian government recently released the Beetaloo Strategic Basin Plan to accelerate exploration and development in the Beetaloo sub-basin, believing it to have the potential to be a “world-class” gas province. Beetaloo is one of five gas basins Canberra wants to develop as part of its gas-led economic plan.
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