Origin digs deep for gas dominance

The Karoon deal gives Origin a significantly expanded long position in gas, and big exposure to Asia-Pacific markets where demand is growing rapidly.

With the $24.7 billion Australia Pacific LNG project still under construction, Origin Energy’s Grant King could be forgiven for waiting for the $1bn-a-year of free cash to start flowing from that coal seam gas-fed export project before contemplating any other significant investment.

That he hasn’t says something about his confidence in APLNG, which is scheduled to produce its first LNG in the middle of next year, and his commitment to maintaining the remarkable growth of Origin since it was demerged from Boral in 2000.

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