LNG

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.

Origin Energy, a stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, said it agreed to sell its Ironbark gas project in Queensland to the APLNG project to provide additional feed-gas.

Origin Energy, a stakeholder in the Australia Pacific LNG plant in Queensland, said the facility shipped more cargoes during the Sydney-based company’s fiscal year as its integrated gas business surged because of higher LNG revenues.

Origin Energy, the stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, warned it was taking a A$533 million (US$420M) after-tax charge for the first half of its 2018 fiscal year when results are released on February 15.

Origin Energy, a stakeholder in the Australia Pacific LNG plant, said the facility was exceeding performance expectations as the company prepared to be a provider for a clean energy future with renewables, while using Australia’s largest coal-fired power plant to continue to meet demand in New South Wales.

Origin Energy, the stakeholder in the Australia Pacific LNG plant with ConocoPhillips and China’s Sinopec, said it aimed to help stabilize the country’s domestic natural gas market by developing the Ironbark coal-seam gas project in Queensland and a shale-gas venture in the Northern Territory.