September quarter APLNG production and sales volume was stable compared to June quarter despite planned downstream shutdown during the period.
APLNG commodity revenue increased 25 per cent on prior quarter and 69 per cent on corresponding 2020 quarter, primarily driven by higher realised oil prices.
September quarter APLNG realised gas price was
Agreement announced for the sale of 10 per cent of APLNG to EIG for
In the
Energy Markets
Electricity sales volumes were up 3 per cent compared with corresponding 2020 quarter: Retail volumes flat with higher residential demand offset by lower usage due to solar and energy efficiency; 6 per cent increase in business volumes due to net customer wins, more than offsetting COVID impacts.
Gas volumes declined 7 per cent compared to
Origin CEO
'Planned downstream maintenance at
'Large customers in
'The announcement to sell a 10 per cent interest in
'In Energy Markets, our electricity volumes increased with net business customer wins and higher residential usage, offsetting lower demand from business and commercial customers due to a downturn in economic activity across many sectors.
'Demonstrating Origin's portfolio flexibility, gas was diverted to generation this quarter to take advantage of higher pool prices and to cover planned maintenance at Eraring. 'Eraring continues to operate flexibly and going forward we may cycle units on standby, subject to market conditions, with the ability to bring units back online if required within three to five days. This will increase overall station efficiency, leading to cost and emissions reductions,'
Contact:
Tel: +61 2 8345 5213
(C) 2021 Electronic News Publishing, source