Middle Arm Development article cont....
We are excited to be working closely with the Northern Territory Government in realising their vision for the Middle Arm precinct and transformation of the NT's economy to reach $40 billion by 2030".
The Middle Arm Sustainable Development Precinct
The Middle Arm Sustainable Development Precinct is located on a peninsula south of Darwin that already hosts the Ichthys LNG and Darwin LNG developments. The Northern Territory is working with industry and the Australian Government to accelerate the development of Middle Arm into a globally competitive, sustainable development precinct for low emissions hydrocarbon and hydrogen production, carbon capture and storage and minerals processing. This Precinct is expected to require a large, secure, low reservoir CO2 natural gas supply.
The 2022/23 Federal Budget included $1.5 billion equity to support the construction of common user marine infrastructure within the Middle Arm Sustainable Development Precinct.
Tamboran have been allocated a "Do Not Deal" on the 170-hectare region in red (refer to image below*).