TMK Energy Limited (AU:TMK) has released an update.
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TMK Energy Limited has signed a binding Memorandum of Understanding with Jens Energie LLC to sell gas from its Gurvantes XXXV Coal Seam Gas Project in Mongolia. The agreement involves converting test gas into electricity, which will be sold to local customers, with a German-imported gas-fired power plant set to be installed by 2025. This collaboration marks a significant step for energy independence in Mongolia, with TMK focusing on gas production while Jens Energie handles power generation.
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