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

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 CET

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
12/02 ORIGIN ENERGY : Income Tax Transparency Report
12/02DJOrigin Energy's New CEO Makes Changes to Leadership Team
11/30 ORIGIN ENERGY : Helping customers move home quicker and easier
11/19 ORIGIN ENERGY : Fans de Kiss conmienzan a llegar al Estadio Gasmart
11/19 ORIGIN ENERGY : Kiss se apodera del Gasmart
11/16 ORIGIN ENERGY : Preparan regreso de Ricky a Tijuana
11/01 ORIGIN ENERGY : `s Revenue Surges On Aplng Production Jump
10/31 ORIGIN ENERGY : Australia Pacific LNG satisfies Train 1 project finance tests
10/31 ORIGIN ENERGY : Quarterly Production Report September 2016
10/30DJOrigin Energy Sales Revenue Jumps on Higher Production
More news
Sector news : Electric Utilities - NEC
11/25DJDOMINION RESOURCES : Saudi Arabia to Skip Meeting With Non-OPEC Producers
11/24 FROM BOOKS TO BANKS : Investors place bets against Italy meltdown
11/23 DRAX : Britain maintains carbon tax freeze until April 2021
11/21DJTsunami Alerts Lifted After Japan Earthquake
11/18DJABOITIZ POWER : Unit to Issue PHP4.1 Billion Worth of Bonds
More sector news : Electric Utilities - NEC
News from SeekingAlpha
10/10 ConocoPhillips' Australia Pacific LNG second unit starts production
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$2.5B in debt reduction move
Financials ( AUD)
Sales 2017 12 364 M
EBIT 2017 1 084 M
Net income 2017 531 M
Debt 2017 8 683 M
Yield 2017 0,22%
P/E ratio 2017 22,15
P/E ratio 2018 13,06
EV / Sales 2017 1,62x
EV / Sales 2018 1,46x
Capitalization 11 388 M
More Financials
Duration : Period :
Origin Energy Ltd Technical Analysis Chart | ORG | AU000000ORG5 | 4-Traders
Full-screen chart
Technical analysis trends ORIGIN ENERGY LTD
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 6,37  AUD
Spread / Average Target -1,9%
Consensus details
EPS Revisions
More Estimates Revisions
Frank Calabria Chief Executive Officer & Managing Director
Gordon McKellar Cairns Independent Non-Executive Chairman
Gary Mallett Chief Financial Officer
Carl McCamish Executive GM-People & Technology Property
Helen M. Nugent Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SOUTHERN CO-0.06%45 825
IBERDROLA SA-14.52%37 975
More Results