Origin Energy: Interim result 2016

Origin's result didn't suggest carnage in oil but lower prices will have an impact.

There was no jubilation or back slapping as Origin Energy’s long awaited LNG business, APLNG, finally sold its first cargoes. Seven years of work and over $20bn have been poured into the ambitious project and all of it will generate negligible returns unless oil prices recover.

Fortunately for Origin, APLNG is only part of its business. The energy markets arm, tasked with the dull job of generating power and retailing it to millions of customers, is the other and it performed better than expected.

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