Australia's Origin Energy Q4 APLNG revenue falls
7/30/2021
Power and gas retailer Origin Energy on Friday reported a 17% drop in fourth-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project, hurt by lower realized oil prices.
Revenue from APLNG, one of the largest producers of natural gas in eastern Australia and a joint venture between Origin, ConocoPhillips and Sinopec, fell to A$507.6 million ($375.62 million) in the three months to June 30 from A$610.2 million last year.
($1 = 1.3514 Australian dollars) (Reporting by Savyata Mishra in Bengaluru[ Editing by Maju Samuel)
Sign up to Receive Our Newsletter
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Nicor Gas celebrates its first renewable natural gas interconnection
- EnviTec Biogas looks to expand biogas production into the U.S.
- AGDC and Glenfarne to develop $44-B Alaska LNG project
Comments