July 31 (Reuters) - Origin Energy ( OGFGF ) reported a 7%
sequential decline in its fourth-quarter revenue from its stake
in the Australia Pacific LNG (APLNG) project on Wednesday due to
lower LNG sales volumes and reduced average realised LNG prices.
The energy retailer said that its share of revenue from
APLNG, a joint venture with U.S. based oil and gas giant
ConocoPhillips ( COP ) and China state-owned Sinopec
, fell to A$590 million ($385.74 million) for the
three months ended June, as compared with A$633 million in the
previous quarter.
($1 = 1.5295 Australian dollars)