April 30 (Reuters) - Origin Energy ( OGFGF ) on Wednesday

logged a 10% sequential fall in revenue for the third quarter

from its stake in the Australia Pacific LNG project (APLNG) as

lower LNG volumes and falling prices bit into the top line.

Liquefied natural gas prices have remained under

pressure since the start of 2025 owing to tepid demand due to a

mild winter season in Asia, exacerbated by concerns of a global

recession post-U.S. President Donald Trump's tariff policies.

Origin realised $11.31 per metric million British

thermal units (mmBtu) for its LNG product from the APLNG project

in Queensland, compared with $12.20 per mmBtu in the second

quarter.

The power producer reported revenue from APLNG - a joint

venture with U.S. oil and gas major ConocoPhillips ( COP ) and

Sinopec - of A$616 million ($393.13 million) for the

three months ended March 31 compared to A$681 million posted in

the December quarter.

Its production share from the project fell 3% to 46

petajoules (PJ) from the previous quarter, with total sales

falling 7% sequentially.

($1 = 1.5669 Australian dollars)