LNG

Origin Energy, the Australian utility and upstream supplier for the Australia-Pacific LNG export plant in Queensland, whose other shareholders are ConocoPhillips and Chinese major Sinopec, said plant profitability was unlikely to be affected by the global downturn.

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, a shareholder in the Australia Pacific LNG export plant in Queensland along with Sinopec of China and ConocoPhillips, said the facility shipped 30 cargoes in the first quarter as its own nine-month revenues soared from LNG and natural gas revenues.

Origin Energy, a main shareholder in the Australia Pacific LNG plant near the port of Gladstone in the eastern state of Queensland, said the facility has shipped more than 80 cargoes to China and Japan since it came on stream a year ago.

As cheap US shale gas risks to flood global LNG markets, Asian buyers are hesitant to enter long-term offtake agreements from Chevron's Gorgon LNG export terminal in Australia - one of the world's most expensive projects.