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Origin Energy's fourth-quarter APLNG revenue falls as lower LNG prices weigh
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Origin Energy's fourth-quarter APLNG revenue falls as lower LNG prices weigh
Jul 30, 2025 4:13 PM

July 31 (Reuters) - Australia's Origin Energy ( OGFGF )

posted a 6% sequential decline in fourth-quarter revenue from

its stake in the Australia Pacific LNG (APLNG) project on

Thursday, as lower underlying commodity prices weighed on

earnings.

Origin confronted pricing pressure in the June quarter as

China - the nation's biggest trade partner and a major LNG

consumer - showed tepid demand growth, with natural gas imports

trailing last year's levels amid ongoing economic woes.

The company realised $10.26 per metric million British

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

in Queensland, compared with $10.70 per mmBtu in the third

quarter.

Its production share from the project rose 1% to 46.5

petajoules (PJ) sequentially, with total sales flat

quarter-on-quarter.

The Sydney-based firm said it expects production at the

APLNG project in fiscal 2026 to be 635-680 PJ, compared to 682.1

PJ in fiscal 2025, citing lower output in some of its operated

and non-operated fields.

Origin holds a 27.5% interest in APLNG, which is the largest

producer of natural gas in eastern Australia.

The power producer reported revenue from the APLNG project -

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

and China's Sinopec - of A$547 million

($352.32 million) for the three months ended June, compared with

A$583 million in the previous quarter.

($1 = 1.5526 Australian dollars)

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