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ORIGIN ENERGY LIMITED — Capital/Financing Update 2016
Dec 20, 2016
65507_rns_2016-12-20_6356b45e-2080-4e1c-a28c-6d40f06fe5fd.pdf
Capital/Financing Update
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| To | Company Announcements Office | Facsimile | 1300 135 638 | |
|---|---|---|---|---|
| Company | ASX Limited | Date | 21 December 2016 | |
| From | Helen Hardy | Pages | 2 | |
| Subject | Origin and ENN sign LNG Sale and Purchase Agreement |
Please find attached a release on the above subject.
Regards
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Helen Hardy Company Secretary 02 8345 5000
Origin Energy Limited ACN 000 051 696 Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 Telephone (02) 8345 5000 Facsimile (02) 9252 1566 www.originenergy.com.au
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ASX/Media Release
21 December 2016
Origin and ENN sign LNG Sale and Purchase Agreement
Origin Energy Limited (Origin) today announced it had signed an LNG Sale and Purchase Agreement (SPA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas to China. The SPA follows a non-binding heads of agreement announced between Origin and ENN in March 2016.
Under the SPA, Origin will supply 280,000 tonnes of LNG per year for a period of five years. By mutual agreement, the parties have the ability to extend the supply period by an additional five years. Deliveries of LNG under the SPA are expected to begin in calendar year 2018 or 2019 following completion of ENN’s Zhoushan receiving terminal in Zhejiang province, China.
Consistent with the heads of agreement, the SPA provides Origin with the flexibility to supply from its portfolio.
For further information please contact:
Investors
Media
Stephen Ellaway Joanna Nelson Senior External Affairs Manager Group Manager, Investor Relations Ph: +61 2 9375 5834 Ph: +61 2 9375 5708 Mobile: +61 417 851 287 Mobile: +61 459 837 251
About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company with market leading positions in energy retailing (approximately 4.2 million customer accounts), power generation (approximately 6,000 MW of capacity owned and contracted) and natural gas production (1,204 PJ of 2P reserves and annual production of 75 PJe). Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing Australia’s biggest CSG to LNG project based on the country’s largest 2P CSG reserves base.
About ENN Trading Company
ENN LNG Trading Company Limited is a subsidiary of ENN Energy Holdings Ltd (2688.HK), one of China’s largest natural gas distributors with operations in 158 cities across 17 provinces and autonomous regions and 13.23 million residential and 61,688 industrial and commercial customers.