It missed an RBC estimate of 48 petajoules. "Overall, APLNG performance was above our expectations after seasonal increases in domestic gas sales," analysts at RBC capital markets said in a note.ĭuring the quarter, total sales volume for Origin's share of the APLNG project, however, fell 28% to 45.9 petajoules due to outages at local coal-fired power plants and high electricity demand across the country. The company's average realised price for LNG in the quarter was $14.24 per metric million British thermal unit (mmBtu), up from $7.23 a year earlier. "In the gas business, Australia Pacific LNG has performed very strongly this financial year, with revenue more than doubling on the strength of commodity prices," Frank Calabria, chief executive officer of Origin said in a statement.Īustralia's second-largest power producer also said they have made good progress in addressing coal supply constraints at the country's largest coal-fired plant Eraring which was facing supply issues over the past year. Fix your MIND NUMBING download speed for ORIGIN The problem is caused by something that is EASILY FIXABLE. Western sanctions on Russia for its invasion of Ukraine have sent prices for liquefied natural gas (LNG) and oil to all-time highs, leading Western nations to look for alternatives to Russian energy supplies. Click OK to save your changes, then restart your computer.
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