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.
The company reported revenue of A$528 (US$372.13M) from its APLNG stake for the quarter ended December 31 compared to A$482M in the third quarter.
The continued focus on APLNG's operational performance has contributed to a steady production of revenue and reliable gas supply both for domestic and export customers, according to Origin CEO Frank Calabria.
Origin achieved $9.55 for every million British thermal units (mmBtu), a decrease from the $10.08 per mmBtu it had previously realized.
Prices of liquefied natural gases?were pressured during the last quarter 2025, due to abundant supply and muted demand in Asia. Benchmarks were still recovering from a sharp drop in 2025.
(source: Reuters)
