Origin Energy raises US$1.24Bln from asset sale to pay high costs of Australian LNG plant

Tuesday, 03 October 2017

Origin Energy, a major shareholder in the Australia Pacific LNG export plant, has sold its Lattice Energy subsidiary to Australian company Beach Energy for A$1.58 billion (US$1.24Bln) as it seeks to recover from the high costs of setting up the APLNG project in the East Coast state of Queensland. 

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