Australia's Origin Energy posts 11% sequential rise in Q2 APLNG revenue

Reuters
01-31
Australia's Origin Energy posts 11% sequential rise in Q2 APLNG revenue

Jan 31 (Reuters) - Australia's Origin Energy ORG.AX on Friday reported an 11% sequential rise in second-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project in Queensland, helped by robust gas prices and higher gas sales.

The power producer said revenue from APLNG — a joint venture with U.S. oil and gas major ConocoPhillips COP.N and Sinopec 600028.SS — rose to A$681 million ($422.70 million) for the quarter ended Dec. 31, compared with A$615 million in the preceding three months.

($1 = 1.6111 Australian dollars)

(Reporting by Rajasik Mukherjee and Roshan Thomas in Bengaluru; Editing by Shilpi Majumdar)

((Roshan.Thomas@thomsonreuters.com;))

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