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
- Biogas in France: TotalEnergies starts its 2nd largest unit in Normandy
- ONEOK announces joint ventures with MPLX to build LPG export terminal at U.S. Gulf Coast location
- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
Comments