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. oil major ConocoPhillips, and Sinopec for the three-month period ended March 31, compared to A$681m posted in the quarter ending December.

The project's share of production fell by 3%, to 46 petajoules. Total sales also dropped 7% from the previous quarter.

(source: Reuters)