Latest news with #AustraliaPacificLNG
Bloomberg
23-05-2025
- Business
- Bloomberg
Australia Pacific LNG Cuts Price in Massive Sinopec Supply Deal
Australia Pacific LNG agreed to cut the price of liquefied natural gas sold under a major contract with China's Sinopec. The price review resulted in a reduction in the oil-linked contract slope from Jan. 1, 2025, Origin Energy Ltd. — which holds a 27.5% stake in the export project, said Friday. The Sydney-based company sees a reduction in its underlying earnings from the Australia Pacific LNG plant of A$55 million ($35 million) in the six months through June 2025.
AU Financial Review
30-04-2025
- Business
- AU Financial Review
Origin's LNG revenues slump as prices, production fall
Origin Energy says revenues from the Australia Pacific LNG operations in Queensland fell more than 10 per cent in the first three months of the year as the price of gas fell and production was disrupted. APLNG is part-owned by Origin, alongside American giant ConocoPhillips and China's Sinopec. Origin said the business had paid it a $185 million dividend in March, taking the full-year proceeds from Australia Pacific LNG to $797 million.
Reuters
12-02-2025
- Business
- Reuters
Australian power producer Origin Energy's first-half profit jumps 24%
Feb 13 (Reuters) - Australia's Origin Energy ( opens new tab posted a 23.7% rise in first-half profit on Thursday, driven by higher contribution from its share in the Australia Pacific LNG project, which balanced out lower earnings at its energy markets division. The country's second-largest power producer said its underlying profit was A$924 million ($580.18 million) for the six months ended December 31, compared with A$747 million reported a year earlier. That beat the Visible Alpha consensus estimate of A$888.3 million. ($1 = 1.5926 Australian dollars)
