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

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

End-of-day quote. End-of-day quote  - 09/28
4.99 AUD   -3.67%
09/27 CHINA DATANG RE : Chinese Firms Mull Takeover of Wind Farms in Austr..
09/21 ORIGIN ENERGY : Tata Power`s subsidiary TPIPL completes sale of its ..
09/20 ORIGIN ENERGY : IPART says NSW electricity market `working well` as ..
News SummaryMost relevantAll newsSector news 

Origin Energy: Australia LNG Project On Time, Within Budget

share with twitter share with LinkedIn share with facebook
share via e-mail
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
Latest news on ORIGIN ENERGY LTD
09/27 CHINA DATANG RENEWABLE POWER : Chinese Firms Mull Takeover of Wind Farms in Aust..
09/21 ORIGIN ENERGY : Tata Power`s subsidiary TPIPL completes sale of its 50% stake in..
09/20 ORIGIN ENERGY : IPART says NSW electricity market `working well` as it urges cus..
09/16 ORIGIN ENERGY : Australia grants funding for 12 solar parks totalling 48 MW
09/15 ORIGIN ENERGY : Shareholder Review & Annual Report 2016
09/15 ORIGIN ENERGY : Shareholder Review
09/14 ORIGIN ENERGY : AGL to win from high energy prices
09/14 ORIGIN ENERGY : Toros pierde la Serie del Rey en casa
09/13 ORIGIN ENERGY : Toros buscarán igualar la Serie del Rey
09/09 ORIGIN ENERGY : appoints new CEO
More news
Sector news : Electric Utilities - NEC
08:55a UK's Ofgem tells bidders for National Grid gas networks earnings not guarante..
08:44aDJSSE : Sees Return to Growth in FY17; Backs Main Financial Goals
09/27DJAGL ENERGY : Sees Annual Underlying Profit of A$720 Million-A$800 Million
09/27DJAGL Energy Adds Oil Search's CEO to its Board
09/26 DRAX : Four British power firms call for carbon tax extension
More sector news : Electric Utilities - NEC
News from SeekingAlpha
09/08 REUTERS : Glencore, Origin put Chile hydropower business up for sale
01/11 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
2015 Origin Energy to sell 53% stake in New Zealand power company for $1.18B
Financials ( AUD)
Sales 2017 12 372 M
EBIT 2017 989 M
Net income 2017 558 M
Debt 2017 8 643 M
Yield 2017 0,66%
P/E ratio 2017 16,98
P/E ratio 2018 10,08
EV / Sales 2017 1,43x
EV / Sales 2018 1,27x
Capitalization 9 083 M
More Financials
Duration : Period :
Origin Energy Ltd Technical Analysis Chart | ORG | AU000000ORG5 | 4-Traders
Full-screen chart
Technical analysis trends ORIGIN ENERGY LTD
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 6,30  AUD
Spread / Average Target 22%
Consensus details
EPS Revisions
More Estimates Revisions
Grant Alfred King Managing Director & Executive Director
Gordon McKellar Cairns Independent Non-Executive Chairman
Gary Mallett Chief Financial Officer
Carl McCamish Executive GM-People & Technology Property
Helen M. Nugent Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DUKE ENERGY CORP14.06%56 596
SOUTHERN CO12.93%52 175
IBERDROLA SA-9.10%42 703
More Results