Origin’s Australia Pacific LNG venture got prices in the export market that were more than double those in the domestic market in the December quarter.
The upgrade has helped ease market concerns about
, which are continuing a lengthy process to examine Origin’s accounts that has been complicated by the Albanese government’s move to slap controls on domestic gas prices. Electricity and gas spot prices dropped from July-September, but were higher than a year earlier, the company said, confirmingAt APLNG, production dipped 1 per cent from the September quarter to 165.6PJ, with Origin citing “the cumulative impact of wet weather on well access”. It confirmed Friday’s revised estimate that output at APLNG for the full year would be between 660PJ and 680PJ, down from earlier guidance of as much as 710PJ.
Origin said the increase in LNG’s quarterly revenue stemmed in part from completed maintenance work at its plant on Curtis Island in Gladstone in the September quarter. Domestic gas sales were higher while the plant was closed for maintenance.Origin received a cash distribution for its 27.5 per cent share of the APLNG venture of $783 million for the December half.
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