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. 


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial