Final Approval for EP187 Appraisal Gas Sales
| Stock | BTL.ASX (BTL.ASX) |
|---|---|
| Release Time | 9 Dec 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Beetaloo Energy Receives Final NT Approval for EP187 Gas Sales
- NT Government approves Beetaloo Energy's Beneficial Use of Gas application for EP187
- Gas to be sold to NT Government under 10-year agreement, supplied to local market
- Construction of Carpentaria Gas Plant can now proceed, with civil works underway
Beetaloo Energy Australia Limited has announced that the Northern Territory Government has approved its application for the Beneficial Use of Test Gas ('BUG') under s57aaa of the Petroleum Act 1984 (NT). This landmark approval, the first of its kind on Aboriginal Freehold land, allows Beetaloo Energy to commence gas sales from its EP187 tenement and proceed with the construction of the Carpentaria Gas Plant. The gas will be sold to the NT Government under an existing 10-year gas sales agreement and supplied into the local NT market. The Carpentaria Gas Plant, purchased from AGL for $2.5 million in 2023, can now be completed, with civil construction already well underway. The total installed cost of the CGP is expected to be materially lower than comparable new build plants. Beetaloo Energy has all environmental approvals required for the construction of the CGP and the drilling, completion and tie-in of up to 10 additional wells, with the full, informed, prior consent of Traditional Owners. This approval comes at a critical time for energy security in the Northern Territory, following recent reporting of chronic emerging gas shortages as existing sources of supply decline. The Beetaloo Energy team is proud to support the local market, generating jobs for Territorians and providing energy security for households, businesses and manufacturers across the NT.
Beetaloo Energy expects to commence gas sales from EP187 in 2026, with initial production of 25 TJ/day. The company has a 10-year gas sales agreement in place with the NT Government.
Beetaloo Energy is accelerating its appraisal and development activities in the Beetaloo Sub-basin, which is estimated to contain enough gas to power the nation for 200 years. The company is focused on unlocking the full potential of this world-class hydrocarbon resource to support a gas-led economic recovery for the Northern Territory.