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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.