MELBOURNE, Jan 31 (Reuters) - Origin Energy (ORG), Australia's top energy retailer, reported a 27 percent rise in gas revenue in the December quarter on the previous quarter, thanks to higher prices and the ramp-up of output at the Australia Pacific liquefied natural gas project (APLNG).
Origin's production rose to 80.1 petajoules equivalent (PJe) in the three months to Dec. 31, up 8 percent from the previous quarter, while revenue rose to A$544.3 million ($411.2 million).
Output is growing as the company gets set to spin off its conventional gas exploration and production arm in an initial public offering this year, expected to fetch A$1 billion. It plans to hold on to its stake in APLNG.
The APLNG project in Queensland is co-owned by operator ConocoPhillips
, Origin and China's Sinopec <600028.SS>. APLNG shipped 26 cargoes in the December quarter mainly to Sinopec and Japan's Kansai Electric Power Co <9503.T>, Origin said, with the second of two production units, called trains, having started up in October. ($1 = 1.3236 Australian dollars)
News: Origin Energy gas production revenue jumps 27 pct in Dec quarter
-
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$12.60 |
Change
0.095(0.76%) |
Mkt cap ! $21.65B | |||
| Open | High | Low | Value | Volume |
| $12.50 | $12.62 | $12.46 | $5.311M | 423.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 7072 | $12.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.60 | 6191 | 23 |
View Market Depth
| Last trade - 11.36am 16/09/2025 (20 minute delay) ? |
| ORG (ASX) Chart |