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ORIGIN ENERGY LIMITED — Capital/Financing Update 2016
Jun 29, 2016
65507_rns_2016-06-29_1d6ddb99-bebb-42cf-82a6-82f9c5587e7a.pdf
Capital/Financing Update
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| To | Company Announcements Office | Facsimile | 1300 135 638 | |
|---|---|---|---|---|
| Company | ASX Limited | Date | 30 June 2016 | |
| From | Helen Hardy | Pages | 2 | |
| Subject | Australia Pacific LNG commences exports to Kansai Electric |
Please find attached a media release made by Australia Pacific LNG today 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
Media Release
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30 June 2016
Australia Pacific LNG commences exports to Kansai Electric
Australia Pacific LNG has confirmed its first LNG shipment to The Kansai Electric Power Company (Kansai Electric) departed Curtis Island yesterday, bound for Japan.
The LNG FUKUROKUJU , which was recently built to fulfil Kansai Electric’s contract with Australia Pacific LNG, departed Curtis Island at 3pm on 29 June 2016.
Under the Sales and Purchase Agreement (SPA), which was signed in 2012, Kansai Electric will receive approximately 1 million tonnes of LNG each year for 20 years.
Australia Pacific LNG CEO, Page Maxson, said: “The departure of Kansai Electric’s first cargo under the SPA represents another significant milestone in Australia Pacific LNG’s history and highlights the strong partnership between our two companies. It also demonstrates the important role our business plays in delivering a cleaner form of energy to the global market.”
“This shipment to Kansai Electric marks the 27[th] shipment by Australia Pacific LNG since exports began. We have been pleased with our operations from Train 1 and we expect to deliver the first cargo from Train 2 by the end of CY2016,” Mr Maxson said.
Australia Pacific LNG was formed in October 2008 and is a joint venture between Origin (37.5%), ConocoPhillips (37.5%) and Sinopec (25%). Australia Pacific LNG is the largest producer of natural gas in eastern Australia.
For more information:
Fiona McLeod External Affairs Manager 0409 087 534
About Australia Pacific LNG
Australia Pacific LNG Pty Limited is an incorporated joint venture between ConocoPhillips (37.5%), Origin Energy Limited (37.5%) and Sinopec (25%). Australia Pacific LNG includes the development of Australia Pacific LNG’s substantial coal seam gas resources in the Surat and Bowen Basins, a 530 km transmission pipeline, and a multi-train LNG facility on Curtis Island, near Gladstone. www.aplng.com.au