Monday, March 26

Origin mulls over more APLNG equity sales

Origin Energy is still considering further a selling downs of its equity in the Australia Pacific liquefied natural gas (APLNG) project in Queensland to pay for a second processing "train".

The integrated energy firm last month left the door open for further reductions in its stake in APLNG after selling down its equity to China's Sinopec, leaving Origin with a 37.5 per cent stake, from 42 per cent preciously.

Origin on Monday said in a presentation that funding choices for train two, including additional equity raisings, would depend on factors including the cost of project finance and timing of a decision to proceed with the second phase.


9 News

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