Australia Pacific LNG boosts Origin Energy'' s output, but rate drops

Origin Energy, a.
co-owner of the Australia Pacific LNG task, stated APLNG’s.
sales volumes rose 28 percent but prices fell 15 percent in the.
June quarter, and the job was on track to start shipping.
from its second device by December. APLNG, run by ConocoPhillips, exported its.
first cargo in January and to this day has shipped 32 freights,.
consisting of the very first to Japan’s Kansai Electric Power Co.
, Origin said in its quarterly report on Friday. “The Train 1 LNG facility continues to perform to.
expectations, with daily production rates having accomplished and.
surpassed design nameplate capability,” Origin stated. The unit’s.
ranked capability is 4.5 million tonnes a year.

It declared that the plant’s second system is expected to.
ship its first freight in the present half year. Typical LNG prices was up to $5.23 per million Btu (mmBtu) in.
the June quarter from $6.17 in the March quarter, it stated.

Origin Energy supplies gas from coal joint gas wells in.
Queensland to the APLNG plant, which assisted improve the company’s.
profits by 15 percent to A$ 1.08 billion ($ 813 million) in the.
year to June 2016 from a year earlier.

Its yearly production soared 57 percent to 231.5 petajoules.
comparable, mainly due to the start-up of APLNG. ($ 1 = 1.3282 Australian dollars).

( Reporting by Sonali Paul; Editing by Biju Dwarakanath).

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