TMK Energy's strategic gas sales agreement

TMK Energy (ASX:TMK) has executed a binding Memorandum of Understanding (MoU) with Jens Energie LLC. This agreement involves gas sales from the Gurvantes XXXV Coal Seam Gas Project in Mongolia. The gas will be converted into electricity by Jens Energie and sold locally.

Comprehensive overview of TMK's latest development

TMK Energy has signed an MoU with Jens Energie LLC for a gas sales agreement at the Gurvantes XXXV project in Mongolia. The agreement involves producing a minimum of 5,000 m³ of gas per day, with plans to increase production. This collaboration is a strategic step for TMK, aiming to provide energy independence for Mongolia and align with its corporate strategy of becoming a key supplier of cleaner energy. The project benefits from its proximity to China, potentially accessing a large energy market.

Executive insights on TMK's new venture

We are pleased to enter into this agreement which could establish Mongolia's first coal seam gas production for power generation. The partnership with Jens Energie LLC will enable us to focus on gas production while they handle the power generation aspect,' said Dougal Ferguson.