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)
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