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 Energy: Australia LNG Project On Time, Within Budget

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/04/2012 | 04:30am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORIGIN ENERGY LTD
03/29 ORIGIN ENERGY : works with ENGIE to help boost energy security in South Australi..
03/17 MORGAN STANLEY : rates AGL as Equal-weight
03/15DJAustralian Power Play Squeezes Gas Exporters
03/15 SENEX ENERGY : commences gas exploration at Silver Star-1
03/15DJAustralia Gets Commitment From Gas Producers to Increase Domestic Supply
03/09DJAustralia Prime Minister Seeks End to Restrictions Blamed for Looming Energy ..
03/07 ORIGIN ENERGY : Meeting the challenges of a transitioning energy sector
03/03 ORIGIN ENERGY : Dr Helen Nugent resigns as Director
02/28 AWE : Origin agree Waitsia stage 2 gas sales term sheet with AGL
02/27 AWE & Origin Agree First Gas Sales Term Sheet for Waitsia Stage 2
More news
Sector news : Electric Utilities - NEC
08:45aDJSSE : Sees Fiscal Year Earnings In Line, Challenges Ahead
08:36a SSE : says 2017/18 dividend cover to be at lower end of guidance
03/29 U.S. nuclear reactors that were cancelled after construction began
03/28 Telecom Italia works with Rothschild to find broadband partner - sources
03/28 RWE to take active role in energy sector consolidation - CEO
More sector news : Electric Utilities - NEC
News from SeekingAlpha
03/09 This Country Is Caught In A Catch-22 With Energy
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
Advertisement
Financials ( AUD)
Sales 2017 12 665 M
EBIT 2017 1 195 M
Net income 2017 -743 M
Debt 2017 8 735 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 13,54
EV / Sales 2017 1,67x
EV / Sales 2018 1,50x
Capitalization 12 425 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 OUTPERFORM
Number of Analysts 12
Average target price 7,18  AUD
Spread / Average Target 1,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Frank Calabria Chief Executive Officer & Managing Director
Gordon McKellar Cairns Independent Non-Executive Chairman
Lawrence John Tremaine Chief Financial Officer
Carl McCamish Executive GM-People & Technology Property
John H. Akehurst Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ORIGIN ENERGY LTD5.16%9 514
DUKE ENERGY CORP6.18%57 662
SOUTHERN CO1.55%48 951
DOMINION RESOURCES, IN..1.41%48 795
IBERDROLA SA6.06%45 940
PG&E CORPORATION9.64%33 834
More Results