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TMK Energy Limited (ASX:TMK)

ALERT: Price-sensitive ASX Announcement for TMK
Current share price for TMK : $0.155 0.01 (6.90%)+
Announcement
Release
18 May 2026 9:13AM
Price at Release
$0.145
Full Release
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Summary
TMK Energy Limited, in partnership with Dashvaanjil Group LLC, has initiated a project to develop a gas-to-power generation facility at their Gurvantes XXXV Pilot Well Project in Mongolia. This collaboration aims to produce up to 1MW of power, using natural gas produced by TMK, supplemented by Dashvaanjil's LPG products. The project is structured in three stages: engineering and design, procurement and construction, and commissioning and power generation, with the first power targeted for the end of Q3 2026. This agreement marks a significant step towards TMK's strategy for early commercialisation of their project, leveraging Dashvaanjil's expertise in the Mongolian energy market.
Key Points
  • TMK signs partnership with Dashvaanjil Group for a gas-to-power project.
  • The project will initially generate up to 1MW of power.
  • Utilisation of gas from Gurvantes XXXV Project, supplemented by LPG.
  • Three-stage project framework: engineering, construction, and commissioning.
  • Expected power generation commencing by the end of Q3 2026.
  • Partnership aims to showcase the potential of natural gas for domestic energy.
  • TMK to handle upstream field work; Dashvaanjil to manage downstream engineering.
  • Project supports TMK's strategy for early commercialisation and scalable gas utilisation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.