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Tamboran Resources begins first gas sales from Beetaloo Basin, marking a key milestone for Northern Territory energy supply.

Market News
07 Sep 2026
Proactive Investors - Finance
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Bullish
Tamboran Resources begins first gas sales from Beetaloo Basin, marking a key milestone for Northern Territory energy supply.

Tamboran Resources and its partner Daly Waters Energy have started initial gas sales from the Shenandoah South Pilot Project in the Beetaloo Basin, Northern Territory. This marks the first gas volumes entering the Northern Territory gas market from the basin. Production is expected to ramp up to 40 terajoules per day by early 2027 under a long-term agreement with the Northern Territory Government. The milestone is a significant step toward establishing the Beetaloo Basin as a reliable, long-term natural gas source for the region and potentially the broader Australian East Coast market.

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Cryptocurrency prices show mixed movements with Bitcoin near $79K and notable gains in LINK and TAO.

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