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APLNG train two begins production

“Production of the first LNG cargo from the projects second train on Curtis Island near Gladstone represents a defining moment in Australia Pacific LNG’s eight-year journey from project establishment to ongoing exports,”? said Origin Managing Director Grant King.

“APLNG meets 25 per cent of eastern Australia’s gas demand and has shipped 47 cargoes to customers in Asia and further afield since exports from its first train commenced in January last year.”?

“APLNG’s transition from development to production will see Origin benefit significantly from its investment in the project through earnings and returns from FY2018 and beyond, based on the current forward curve for oil.”?

Origin Integrated Gas Chief Executive David Baldwin described APLNG as one of the largest energy project ever to be undertaken in eastern Australia and represented billions of dollars of investment in local jobs, regional communities and Queensland as a whole.

“On behalf of APLNG’s partners, I’d sincerely like to thank our workers, our hundreds of landowner partners and the Queensland Government for their tireless support as we worked together to make this transformation project a reality,”? said Mr Baldwin.

APLNG is a joint venture between Origin Energy, ConocoPhillips and Sinopec, and is a two-train CSG-to-LNG project utilising Origin’s Queensland CSG reserves and resources.

The project includes a 530 km, 900-1,050 mm API 5L externally-coated gas transmission pipeline from the Surat and Bowen basins to the LNG processing site located at Laird Point on Curtis Island, Gladstone.

Origin and ConocoPhillips each hold a 37.5 per cent interest in the project, with Sinopec holding the remaining 25 per cent.

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