Posted in | News | Natural Gas | Mining Business | Mining Infrastructure

Origin Energy Eyes Multi-Billion Dollar LNG Plant

Related Stories

Origin Energy (ASX:ORG) wishes to build a multi-billion dollar LNG plant with partner ConocoPhillips. The liquefied natural gas plant is one of almost a dozen scheduled to start up in Australia by the year 2016.

The $35 billion Asia Pacific LNG joint venture will help Origin Energy catch up with close rivals BG Group and Santos.

The Chief Executive of Origin Energy, Grant King said that now it was time to start consolidation talks. He also announced a 10% increase in full year underlying profits to $585 million. A strong profit growth is also forecast for the year ahead.

Grant King said that they hoped to sign up a buyer and make a final investment decision with the board by the end of the year. The company was confident of securing a buyer as Asia's energy needs would need to be supplemented by Australia's gas reserves.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Origin Energy. (2019, March 19). Origin Energy Eyes Multi-Billion Dollar LNG Plant. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=253.

  • MLA

    Origin Energy. "Origin Energy Eyes Multi-Billion Dollar LNG Plant". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=253>.

  • Chicago

    Origin Energy. "Origin Energy Eyes Multi-Billion Dollar LNG Plant". AZoMining. https://www.azomining.com/News.aspx?newsID=253. (accessed November 21, 2024).

  • Harvard

    Origin Energy. 2019. Origin Energy Eyes Multi-Billion Dollar LNG Plant. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=253.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback