Origin’s LNG revenue dips despite APLNG record production

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By Adnan Bajic Australia’s power and gas retailer Origin Energy reported a slip in revenue as Australia Pacific LNG boasted record production in FY2020.

Courtesy of Origin Energy

The company noted its APLNG revenue for the financial year 2020 declined 5 per cent to $2.65 billion from $2.79 billion.

The record production of 265.3 PJ (4 per cent up on the previous year) was offset by fewer purchases, gas inventory movements, a higher proportion of spot LNG sales and lower domestic prices.

Together with the record production, Australia Pacific LNG delivered its milestone 500th cargo in June.

June quarter revenue declined 3 per cent

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