Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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


End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 07/03
11.75 AUD   -3.45%
07/01 JOHN WOOD : Wins USD1M Contract With Origin Energy
06/29DJAustralia Shares End 2.2% Lower on Greece Worries
06/23DJContact Energy Raises US$100 Million in Long-Term Debt in Private..
News SummaryMost relevantAll newsSector news 

Origin Energy: Australia LNG Project On Time, Within Budget

05/03/2012 | 10:30pm US/Eastern

Origin Energy Ltd. (>> Origin Energy Limited) said Friday there has been no change to the underlying cost estimate of its US$14 billion Australian gas-export joint venture project.

"The Australia Pacific LNG project is progressing on schedule to deliver first gas in 2015 and there has been no change in the cost of the underlying activities for the project, based on currency splits at the time of (final investment decision)," a spokeswoman for Origin said in an e-mailed statement.

BG Group PLC (BG.LN), which is building a rival Australian liquefied natural gas project in Queensland state, on Thursday announced a budget overrun of $5.4 billion, or 36%, to $20.4 billion.

Origin's project partners are ConocoPhillips (COP) and China Petroleum & Chemical Corp. (0386.HK), or Sinopec.

Origin shares were down 2% at 0208 GMT and Santos Ltd. (>> Santos Limited), which is involved in another rival LNG project, was down 3.5% .

The share price declines also come after West Texas Intermediate crude settled 2.6% lower Thursday at US$102.54 a barrel.

The Origin venture in July gave the green light for construction of their project's first phase, which the Australian energy company said will cost $14 billion to complete. The initial phase will include building the first of two planned LNG processing units, or trains, and some infrastructure to support the second train.

A full two-train project is expected to cost $20 billion, Origin said at the time.

A spokesman for Santos wasn't immediately available for comment.

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

Stocks mentioned in the article : Origin Energy Limited, Santos Limited
React to this article
Latest news on ORIGIN ENERGY LTD
04:00p AWE : Origin Energy Evaluating Drilling Results of Yolla-5 Well in Bass Straits
07/02 JOHN WOOD : Wood Group wins onshore pipeline work for Origin Energy
07/02 ORIGIN ENERGY : PV in Australia: CEFC and Origin Energy partner to drive increas..
07/02 ORIGIN ENERGY : Wood Group Bags Origins Pipeline Contract for HBWS Gas Project i..
07/02 CEFC loans Origin $100m to boost solar and storage offerings
07/02 ORIGIN ENERGY : CEFC and Origin Energy partner to drive increased uptake of sola..
07/02 BEACH ENERGY : Delivers Gas from Australias SACB, SWQ Projects to Origin
07/01 JOHN WOOD : Wins USD1M Contract With Origin Energy
07/01 JOHN WOOD : Wood Group Wins Onshore Pipeline Work for Origin Energy
07/01 ORIGIN ENERGY : Wood Group Wins Onshore Pipeline Work For Origin Energy
Duration : Period :
Origin Energy Ltd Technical Analysis Chart | ORG | AU000000ORG5 | 4-Traders
Income Statement Evolution
More Financials