Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Origin Energy Ltd    ORG   AU000000ORG5

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Origin Agrees To Sell Gas To Rival Australian LNG Project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 01:15am CET

Origin Energy Ltd. (>> Origin Energy Limited) has agreed to sell some of its vast coal seam gas reserves in Australia's Queensland state to a joint venture building a rival gas-export project on the coast.

The Australian company is building its own liquefied natural gas project with ConocoPhillips (COP) and China Petroleum and Chemical Corp. and has proven up more gas reserves than three rival ventures also planning to build LNG plants at the port of Gladstone.

Origin said it will sell some of its gas to Gladstone LNG, a joint venture between Australia's Santos Ltd. (>> Santos Limited), France's Total SA (TOT), Korea Gas Corp. (036460.SE) and Malaysia Petroliam Nasional Bhd.

Under the agreement, Origin will supply Gladstone LNG with 365 petajoules of gas over 10 years from 2015. Origin said the deal, for which a price hasn't been disclosed, gives Origin the option to call back 1.825 petajoules of gas a year during periods of high domestic gas or electricity demand.

The deal will cool analysts' concerns that Santos won't be able to prove up enough gas for its LNG joint venture.

Origin has already agreed to sell gas to BG Group PLC's (BG.LN) rival LNG project at Gladstone.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

Stocks mentioned in the article : Origin Energy Limited, Santos Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORIGIN ENERGY LTD
2016 ORIGIN ENERGY : and ENN sign LNG Sale and Purchase Agreement
2016 ORIGIN ENERGY : and ENN sign LNG sale and purchase agreement
2016 ORIGIN ENERGY : oil IPO a `half-way house
2016 ORIGIN ENERGY : to divest assets into new oil and gas business
2016 ORIGIN ENERGY : Planned IPO Sparks Downgrades
2016DJOrigin to Sell Oil-and-Gas Operations Through IPO
2016DJORIGIN ENERGY : to Sell Oil-and Gas Operations Through IPO -- Update
2016 ORIGIN ENERGY : to focus the business and accelerate debt reduction with the pla..
2016DJOrigin Energy to Float Conventional Upstream Business
2016 ORIGIN ENERGY : Income Tax Transparency Report
More news
Sector news : Electric Utilities - NEC
01:49aDJPower Assets to Decide Whether to Pay Special Dividend on January 26
01/15DJDuet Agrees to $5.48 Billion Offer from Cheung Kong Infrastructure
01/10DJENTERGY : Plant Closure to Cost Jobs, Tax Revenue -- WSJ
01/10DJENTERGY : Agrees to Close Controversial Indian Point Nuclear Plant -- Update
01/10DJENTERGY : Westchester County Bracing for Closure of Indian Point Nuclear Plant
More sector news : Electric Utilities - NEC
News from SeekingAlpha
2016 ConocoPhillips' Australia Pacific LNG second unit starts production
2016 REUTERS : Glencore, Origin put Chile hydropower business up for sale
2016 ConocoPhillips ships first cargo from Australia Pacific LNG project
2015 Australia Pacific LNG on track to export this year, Origin Energy says
2015 Australia's Origin Energy to raise A$2.5B in debt reduction move
Advertisement
Financials ( AUD)
Sales 2017 12 366 M
EBIT 2017 1 086 M
Net income 2017 481 M
Debt 2017 8 681 M
Yield 2017 0,20%
P/E ratio 2017 24,35
P/E ratio 2018 14,46
EV / Sales 2017 1,72x
EV / Sales 2018 1,54x
Capitalization 12 547 M
More Financials
Chart ORIGIN ENERGY LTD
Duration : Period :
Origin Energy Ltd Technical Analysis Chart | ORG | AU000000ORG5 | 4-Traders
Full-screen chart
Technical analysis trends ORIGIN ENERGY LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 6,39  AUD
Spread / Average Target -11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Frank Calabria Chief Executive Officer & Managing Director
Gordon McKellar Cairns Independent Non-Executive Chairman
Gary Mallett Chief Financial Officer
Carl McCamish Executive GM-People & Technology Property
Helen M. Nugent Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ORIGIN ENERGY LTD8.50%9 409
DUKE ENERGY CORP-0.53%53 193
SOUTHERN CO-0.79%47 824
DOMINION RESOURCES, IN..-1.80%47 138
IBERDROLA SA-2.68%41 981
EXELON CORPORATION-0.14%32 721
More Results