Global Infrastructure SherpaTamboran and Daly Waters Infrastructure secure financing for Sturt Plateau Compression Facility
Tamboran and Daly Waters Infrastructure secured up to A$179.8 million (~US$118 million) via a three-tranche financing facility with a consortium of lenders for the construction of the Sturt Plateau Compression Facility (SPCF). The financing is backstopped by an NTG Guarantee for up to A$75 million of Tamboran’s A$90m (50%) share.
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- Financing of up to A$179.8 million for the Sturt Plateau Compression Facility.
- Involvement of Tamboran Resources, a key player in Australian natural gas.
- Partial backstop of A$75 million from the Northern Territory Government, demonstrating public sector support.
- 40 MW transmission capacity will enhance natural gas infrastructure.
Source Intelligence
The financing is backstopped by an NTG Guarantee for up to A$75 million of Tamboran’s A$90m (50%) share. Quote: Tamboran and Daly Waters Infrastructure secured up to A$179.8 million (~US$118 million) via a three-tranche financing facility with a consortium of lenders for the construction of the Sturt Plateau Compression Facility (SPCF). The financing is backstopped by an NTG Guarantee for up to A$75 million of Tamboran’s A$90m (50%) share.
"Tamboran Resources Corporation (TBN) Tamboran Reaches Final Investment Decision on its Shenandoah South Pilot Project"
"Tamboran and Daly Waters Infrastructure, LP (DWI) have also secured up to A$179.8 million (~US$118 million) via a three-tranche financing facility with a consortium of lenders for the construction of the Sturt Plateau Compression Facility (SPCF)."
"This follows the signing of agreements with Native Title Holders, the Northern Land Council and the Northern Territory Government to secure approvals required to commence sales of appraisal gas under the Beneficial Use of Gas (BUG) legislation."
"This follows the signing of agreements with Native Title Holders, the Northern Land Council and the Northern Territory Government to secure approvals required to commence sales of appraisal gas under the Beneficial Use of Gas (BUG) legislation."
"A Gas Processing Agreement with the SPCF Trust (50% Tamboran, 50% DWI) that underpins financing of the SPCF infrastructure with a consortium of lenders and the operations of the facility."
"This follows the signing of agreements with Native Title Holders, the Northern Land Council and the Northern Territory Government to secure approvals required to commence sales of appraisal gas under the Beneficial Use of Gas (BUG) legislation."
Timeline
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