Australia's Origin Energy posts 3% sequential rise in quarterly APLNG revenue
Australia's Origin Energy posts 3% sequential rise in quarterly APLNG revenue July 31 (Reuters) - Origin Energy ORG.AX logged a 3% sequential rise in fourth-quarter revenue from its stake in the Australia Pacific LNG project (APLNG) on Friday, helped by higher liquefied natural gas (LNG) spot sales and a sharp jump in domestic gas volumes.
Revenue from APLNG — the power producer's joint venture with ConocoPhillips COP.N and Sinopec 600028.SS — came in at A$497 million ($349.29 million) for the three months ended June 30, compared with A$481 million reported in the March quarter.
($1 = 1.4229 Australian dollars)
(Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru; Editing by Shilpi Majumdar)
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