LNG

Australian utility Origin Energy has sold a 10 percent shareholding in the Australia-Pacific LNG plant in Queensland for A$2.12Bln (US$1.58Bln) to a global investment fund.

Origin Energy, the Australian utility and shareholder with China’s Sinopec and ConocoPhillips in the Australia-Pacific LNG plant in Queensland, said it received record cash distributions from the plant of A$1.275 billion (US$920.6M) in its fiscal year to June, up from A$974 million in the previous 12 months.