LNG

Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland, said it expected a sizeable increase in underlying earnings from its utilities business, though signalled possible lower coal-seam-gas output affecting APLNG because of weather issues.

Australia Pacific LNG’s acquisition of the Ironbark coal-seam gas project in Queensland from Origin Energy has been approved by the country’s regulators who do not see the deal affecting East Coast domestic natural gas supply.