2346 GMT - Sinopec's request for a price review with the APLNG gas-export project is likely to result in a lower contracted LNG price from Jan. 1 for at least the next five years, Jarden says in a research note on Origin Energy. "While we leave our forecasts (which factor in a 5% cut in its oil-linked contract price) unchanged, we see potential for further downside risk (up to A$0.45/share) if there is no 'floor' in the price review process," says analyst Nik Burns. Jarden expects the market to take a conservative view on the outcome, and it could take six months to resolve if parties seek arbitration. Still, Origin has a tailwind from oil-price volatility due to Middle East unrest. Jarden keeps its price target unchanged at A$10.00/share, just below Origin's latest price of A$10.21. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 07, 2024 19:46 ET (23:46 GMT)
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