“Good progress continues to be made with the upstream component 58 per cent complete and the downstream component 62 per cent complete,” Origin Chairman Gordon Cairns said.
The announcement followed the release of the company’s half-year results ending 31 December 2013, which saw a statutory profit of $A322 million, down from $A524 million, and a 5 per cent increase in underlying profit to $A381 million for the period.
The APLNG Project is a joint venture between Origin Energy, ConocoPhillips and Sinopec, and includes a plan to develop a two-train CSG-to-LNG project utilising Origin’s Queensland CSG reserves and resources. The LNG plant will be four trains, to be constructed using Cascade technology, and will have the capacity to produce up to 18 MMt/a of LNG.
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