Origin renegotiates APLNG Sinopec contract at same rate

ORIGIN Energy is already reporting a 12% fall in revenue this quarter from its Australia Pacific LNG project in Queensland over the December quarter thanks to lower contracted sales which were partially offset by higher spot LNG and domestic sales.

Origin renegotiates APLNG Sinopec contract at same rate Origin renegotiates APLNG Sinopec contract at same rate Origin renegotiates APLNG Sinopec contract at same rate Origin renegotiates APLNG Sinopec contract at same rate Origin renegotiates APLNG Sinopec contract at same rate

APLNG contract with Sinopec on same terms good news

LNG revenue was down 17% due to lower customer nominations and lower realised prices, though this was offset by a 39% rise in domestic gas revenue from short-term sales.