https://www.engineeringnews.co.za

APLNG drives Origin revenues

31st July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Energy major Origin has reported a 36% increase in revenues from the Australia Pacific liquefied natural gas (APLNG) project in the 2019 financial year, as commodity prices increased.

The project produced 64 PJ of gas for Origin during the quarter ended June, with the company’s full-year share coming to 254.7 PJ, compared with the 253.6 PJ delivered in the previous financial year.

Origin received A$943-million in cash from APLNG in the financial year, which was above the A$850-million guidance, with revenues driven by the higher oil prices.

“APLGN continues its strong operational and financial performance. Revenue was up 36% on the prior year driven by higher effective commodity prices, which translated to A$943-million of cash flow to Origin,” said Origin CEO Frank Calabria.

“Pleasingly, a number of APLNG gas supply contracts were signed during the quarter with domestic manufacturing customers. This demonstrates the important role the gas industry plays in supporting local industry.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.086 0.558s - 140pq - 2rq
Subscribe Now