Australia's Origin Energy raises earnings forecast for energy markets, shares rise 8%
Australia's Origin Energy increased its full-year earning?outlook? for its energy retail division, citing higher electricity margins that helped the firm exceed market expectations. The shares of the electricity retailer and gas retailer jumped 8.1% intraday to A$11.970. This was their largest intraday percentage increase in almost three years. The slow rollout of solar and wind on both coasts, coupled with tight gas markets, is forcing Australia's states to run coal plants longer than they planned. This, despite the fact that demand for renewable energy has shifted and policies have been changed.
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that would have created?the world's largest mining firm with a value market exceeding $200 billion. The following is a list containing some of the biggest failed mergers and purchases involving Australian companies in the last three years. After months of discussions, the takeover talks between mining giant Rio Tinto and Glencore came to an end. This ended a deal that could have transformed the global mining industry.
Origin Energy's Q2 APLNG revenues rise sequentially, Origin Energy raises the low end of its 2026 APLNG forecast.
Origin Energy, Australia, raised its 'lower end production forecast for 2026' of Australia Pacific LNG and reported a?10%?sequential increase in revenue in its second quarter stake in the same project, helped by increased LNG sales. The power producer expects that its production in 2026 from APLNG, a joint venture with ConocoPhillips & Sinopec, will be between 645 Petajoules (PJ),?and 680. This is a significant increase over its previous guidance range of 635 to 680. It did, however, flag a lower contribution to production in the second half due to fewer?days and a continued natural 'decline? in the eastern -and non-operated -fields.
Australia reaches new renewable milestone over 50%
The Australian Energy Market Operator (AEMO), a'statement made on Thursday,' said that Australia had achieved a clean energy milestone in the quarter ending December, despite a rise of over 2,2% in power demand from a year earlier. The gas-fired generation has fallen to its lowest levels since 2000. Meanwhile, the total electricity production across the National Electricity Market grew 3.1% from one year ago to just under 25,000 megawatts. The share of generation from renewables increased by 5 percentage points compared to a year earlier, and now exceeds 50%. The NEM excludes Western Australia and the Northern Territory.
Australia now offers three new offshore wind licenses
The government announced on Friday that Australia had offered offshore wind licenses for projects off the coast of Western Australia's southern coast. These projects could bring 4 gigawatts (GW) of clean energy to the state's isolated power system. The offer comes after several other offshore wind project on the east coast Australia have been pulled in the last 18 months, slowing down the sector's progress. The state has extended the subsidy for a coal mine by five more years, citing energy security. Bunbury Offshore Wind was awarded two final feasibility?licenses…
Origin Energy, Australia's coal-fired power station in NSW, will continue to operate until 2029
Origin Energy announced on Tuesday that it will extend the operation all four?units?of its Eraring Power?Station?toApril 2029 to support energy supplies in New South Wales. Eraring's 2,880-megawatt coal-fired power plant was scheduled to close in August 2027. A December report from the Australian Energy 'Market Operator (AEMO), however, said that Sydney could experience blackouts if the plant is retired as planned. Australia aims to meet 82% of its energy needs with'renewable sources' by 2030. Origin CEO Frank Calabria said in a press release that the decision to continue operating Eraring until April 2029 would give more time to deliver renewables…
Australia requires LNG exporters to retain a minimum for the home market
Australia's new scheme will require exporters of liquefied?gas to keep up to 25% of their output for domestic use. The plan was announced on Monday in an effort to curb price spikes and fill a supply gap that has been predicted. The government of Anthony Albanese, a centre-left Prime Minister, said that it would work closely with exporters to create a system which limits the amount of domestic gas. A minimum allocation at local level is between 15 and 25 percent. The government announced the number of a policy that it had flagged for 2025, amid warnings of a gas shortage on Australia's east coast where 27 million people live.
Australia is preparing to review its gas market, which could affect LNG exports
Australia will soon issue a review of the gas market that could limit exports from its east coast. Three operators, led by Shell and Santos, send cargoes to Asia. They said that the review, which they expect Canberra to release this week, may 'include a plan for LNG exporters to prioritize local supply in the populous east, the main source of domestic demand. Tony Wood, energy analyst at Melbourne's Grattan Institute, said that the government is trying to solve a difficult problem. They want the domestic and international markets to be able access gas at a reasonable price.
Origin Energy, Australia, reports a 12% decline in APLNG revenue for the first quarter.
Origin Energy, Australia's largest energy company, reported a 12% drop in revenue from its Australia Pacific LNG stake for the first three months of the year. The fall was attributed to lower LNG prices and volumes. The power producer reported revenues from the APLNG joint venture -- a joint project with U.S. oil major ConocoPhillips, and China's State-owned Sinopec — of A$482 ($313.20) million for the three-month period ended September 30 compared to A$547 in the previous quarter. Prices for liquefied natural gases fell to multi-week lows during the third quarter due to a lackluster demand in Asia…
Australia Gas Market Interventions Fail, Regulator Finds
The Australian Competition and Consumer Commission said that the government's recent efforts to increase gas supplies and lower prices in Australia have largely been unsuccessful and could even be increasing the risk of shortage, according to the regulator. In a recent report, the Australian Competition and Consumer Commission (ACCC), said that several market interventions undertaken in response to a global energy crisis in 2022 had "not led to a material improvement of market outcomes". These measures included changes to Australia's Domestic Gas Security Mechanism…
Australia delays its first offshore wind auction due to global investment retreat
Victoria, Australia, has delayed its first auction of offshore wind farm financing, citing global investments hurdles. This is a blow to an industry that's deemed crucial to Australia's transition away from coal-fired energy to renewables. The state government announced on Tuesday it will delay the auction, originally scheduled for this month. A revised schedule is expected to be released by year's end. Lily D'Ambrosio, Minister of Energy and Resources, said that global investment headwinds made it unlikely an auction would attract enough participants.
Origin Energy's APLNG revenues in the fourth quarter fell as lower LNG prices weighed.
Origin Energy, Australia, reported a sequential 6% decline in revenue for the fourth quarter from its stakes in Australia Pacific LNG project (APLNG), as lower commodity prices weighed down on earnings. Origin faced pricing pressure during the second quarter of the year as China, the country's largest trade partner and major LNG consumer, showed a tepid growth in demand. Natural gas imports were also below last year's level due to the ongoing economic problems. The company realized $10.26 for every metric million British Thermal Units (mmBtu), compared to $10.70 in the third quarter, on its LNG product produced by the APLNG Project in Queensland.
Origin profits hit by Australia Pacific LNG price reduction for Sinopec
Origin Energy announced on Friday that Australia Pacific LNG had agreed to reduce the price of liquefied gas sold to Sinopec in China for the remaining ten years of their contract. Origin stated that the agreement was reached after a price review of their 20-year contract, out to 2035. "This has resulted in an improvement in the JCC-linked contracts slope, effective as of 1 January 2025," Origin added. The slope is the percentage of Japan Crude Cocktail benchmark prices to which LNG prices are linked. Origin said that the price reduction would reduce its earnings before interest…
Origin Energy Australia reports a 10% decline in revenue for Q3 due to lower APLNG prices
Origin Energy reported a 10% decline in revenue from its Australia Pacific LNG Project (APLNG), as falling LNG prices and lower LNG volumes impacted the top line. Since the beginning of 2025, prices of liquefied natural gases have been under pressure due to a tepid winter season in Asia. This has been exacerbated by fears of a global economic recession following President Donald Trump's tariff policy. Origin realized $11.31 per million British thermal unit (mmBtu), for its LNG from the APLNG Project in Queensland. This compares to $12.20 in the second quarter. The power producer reported A$616m ($393.13m) in revenue from APLNG, a joint venture between U.S.
Origin Energy's profit exceeds expectations on the back of strong LNG earnings
Origin Energy, an Australian power company, beat analysts' expectations on Thursday. This was due to higher LNG sales and gains from LNG trading. These factors offset a sharp drop at the energy markets division. Origin Energy, along with AGL Energy and Energy Australia as one of Australia's "Big Three" retailers of electricity, will spend A$1.5 billion to A$1.7 billion between fiscal 2025 and the majority of that money will go towards building storage batteries. Frank Calabria, Chief Executive Officer of Origin said: "Origin delivered a solid first-half performance...
Australia's Origin Energy lowers its APLNG production for 2025
Origin Energy announced on Friday that it expects Australia Pacific LNG to produce less in 2025. However, the company reported a sequential increase of 11% in its second-quarter revenues from its stake in this project due to higher gas prices. The power producer expects production in 2025 from APLNG, Origin's joint-venture with U.S. oil major ConocoPhillips (and Sinopec) -- to be between 670-690 Petajoules. This is 2%-3 % lower than its previous guidance. Origin's forecast was impacted by the lower performance of some Queensland projects and weaker performance in non-operated asset due to unplanned maintenance.
Origin Energy's APLNG revenues rise on higher gas prices and sales
Origin Energy, a company based in Australia, reported a sequential increase in revenue for its first quarter from its stakes in the Australia Pacific Liquefied Natural Gas (APLNG), backed by higher natural gas prices and strong sales. Origin, which aims to transition to greener energy sources, has said that it is evaluating a variety of early-stage opportunities for renewable development. As of 0014 GMT the shares of the company rose 0.4% to A$9.54, while the benchmark index fell 0.2%. The warm weather in Asia drove up energy demand, but prices have been moderated recently due to a tepid market.
AG&P LNG acquires Australia's Venice Energy and develops South Australian import terminal
The Singapore-based Atlantic, Gulf and Pacific LNG (AG&P LNG) has agreed to acquire the Australian energy infrastructure developer Venice Energy and build its Outer Harbor Import Terminal in South Australia. AG&P LNG aims to have the LNG import terminal at Port Adelaide operational by the first quarter 2027. This was stated in a Thursday statement. The terminal will have an annual import capacity of two million metric tonnes. It will be constructed by converting a LNG carrier with a volume of 145,000 cubic metres into a floating storage unit and regasification (FSRU). The FSRU's maximum send-out capacity will be 400 million standard cubic foot of gas per day.
Origin Energy, Australia's hydrogen hub, plans to leave the Hunter Valley
Origin Energy, Australia's largest energy company, announced on Thursday that it will abandon its potential development project for the Hunter Valley Hydrogen Hub in New South Wales. The project is estimated to cost A$207.6 millions ($142.60 Million). The second largest power producer in the country said that it will also cease all work on hydrogen development, but remains open to exploring commercial options for HVHH. Origin stated that the decision to leave the Hunter Valley Hydrogen hub reflects the uncertainty surrounding the timing and pace of development of hydrogen markets, as well as the risks involved in developing capital-intensive projects.
ConocoPhillips Beefs Up Stake in Australia Pacific LNG
ConocoPhillips has completed the acquisition of an additional 10% stake in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid for the additional interest is approximately $1.4 billion (AU$2.0 billion). The transaction resulted from the exercise of ConocoPhillips’ preemption right and is funded from cash on the company’s balance sheet.ConocoPhillips now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively. Based on the new 47.5% ownership interest and a full-year average Brent price of $78 per barrel…