Australia's Origin Energy, whose shareholders in December 2023 rejected a takeover by North American private equity firms, reported solid quarterly revenues from Australia-Pacific LNG in Queensland as domestic electricity and gas sales also rose in power markets.
Origin Energy, the Australian upstream supplier to the Australia-Pacific LNG export plant in Queensland, saw its shares up 35 percent higher on November 14 as investors considered Origin’s backing for an A$18.4 billion (US$12.3 billion) buyout offer from a two-firm consortium led by Canada's Brookfield Asset Management.
Cheniere Energy, owner of the Sabine Pass and Corpus Christi LNG export plants on the US Gulf Coast, has given notice to proceed to builders of the Midship Pipeline project to enable transportation of feed-gas and domestic volumes from the prolific Anadarko Basin in Oklahoma to the Gulf Coast.
Kinder Morgan, the US pipeline and terminals company, said its LNG export project at Elba Island near Savannah in the state of Georgia is running slightly behind schedule, though a start-up is anticipated for the fourth quarter of 2018.