Oct 31 (Reuters) - Origin Energy (ORG) , currently in the process of ratifying a $9.67 billion takeover bid from a Brookfield-led consortium, on Tuesday reported a 5% fall in first-quarter revenue from its Australia Pacific LNG (APLNG) project due to lower realized average LNG prices and seasonal timing of LNG cargoes.
The country's second largest power producer said revenue from APLNG, a joint venture with ConocoPhillips COP.N and Sinopec 600028.SS , fell to A$553 million ($352.37 million) in the three months to Sept. 30 from A$581 million a year ago.
($1 = 1.5694 Australian dollars)
News: ORG Australia's Origin Energy first-quarter APLNG revenue falls 5%
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