Origin Energy

Origin Energy shares jumped 4% yesterday after it announced the approval of a second train (or processing facility) at Australia Pacific LNG (APLNG). A single train costs about US$15bn to develop while adding a second is half as much. Expanding the project greatly improves its economics. The two train development will supply 8.6m tonnes of LNG for at least 20 years. That’s more energy than Woodside Petroleum produced in total last year, making APLNG a significant producer. As expected, Sinopec will purchase 7.6m tonnes per annum (mtpa) from the venture – the largest energy deal every done in Australia...

Origin Energy shares jumped 4% yesterday after it announced the approval of a second train (or processing facility) at Australia Pacific LNG (APLNG). A single train costs about US$15bn to develop while adding a second is half as much. Expanding the project greatly improves its economics.

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