Oil price drives APLNG revenue 45% for Origin despite hedging loss

ORIGIN Energy called the quarter ending December 31 “ a record” for revenue from its Australia Pacific LNG concern it shares in Queensland with ConocoPhillips and Sinopec its highest-ever quarterly revenue of $741 million to Origin, representing an increase of 45% over the same quarter in 2017. 

Oil price drives APLNG revenue 45% for Origin despite hedging loss Oil price drives APLNG revenue 45% for Origin despite hedging loss Oil price drives APLNG revenue 45% for Origin despite hedging loss Oil price drives APLNG revenue 45% for Origin despite hedging loss Oil price drives APLNG revenue 45% for Origin despite hedging loss

Origin CEO Frank Calabria

LNG processing was 10% over the September quarter though down 5% compared to December 2017 but offset by higher domestic volumes, though LNG revenue was 28% over the previous quarter thanks to higher