Origin pulls back drilling programs due to global LNG demand

AUSTRALIAN LNG exporter Origin Energy has culled its drilling plans at its Queensland CSG fields which produce gas for its Australia Pacific LNG export hub in Gladstone.

Origin pulls back drilling programs due to global LNG demand Origin pulls back drilling programs due to global LNG demand Origin pulls back drilling programs due to global LNG demand Origin pulls back drilling programs due to global LNG demand Origin pulls back drilling programs due to global LNG demand

Subdued demand has forced Origin Energy to cut back on its drilling activities.

 

Origin posted production of 64.2 petajoules of gas and sales of 57.4PJ providing it with revenue of $373.9 million, which represents a 40% fall on the prior quarter, with Origin earning $6.