ORG origin energy limited

News: ORG Origin Energy posts 12% drop in Q4 revenue from Australia Pacific LNG

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    July 31 (Reuters) - Origin Energy (ORG) , which is set to be taken over by a Brookfield-led consortium BAM.TO , said on Monday revenue from its share in Australia Pacific LNG (APLNG) project fell 12.3% in the fourth quarter, hurt by softer pricing for liquefied natural gas.

    Australia's No. 2 power producer said its share of revenue from APLNG, a joint venture with ConocoPhillips COP.N and Sinopec 600028.SS , fell to A$611 million ($406.62 million) for the three months to June 30, compared with A$697 million a year earlier.

    ($1 = 1.5026 Australian dollars)

 
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