April 29, 2020 / 11:31 PM / a month ago

Australia's Origin Energy posts 18% fall in quarterly APLNG revenue

April 30 (Reuters) - Electricity and gas retailer Origin Energy Ltd said on Thursday revenue from its stake in the Australia Pacific LNG (APLNG) joint venture fell 17.7% in the third quarter, hurt by lower contracted LNG sales.

Origin, which controls a third of Australia's energy retailing market, said its share of APLNG revenue came in at A$628.5 million for the quarter ended March 31, down from A$763.9 million a year earlier.

The figure was slightly below a RBC Capital Markets estimate of A$692 million.

APLNG, is a joint venture between Origin, ConocoPhillips , and China's Sinopec. (Reporting by Arundhati Dutta and Anushka Trivedi in Bengaluru; Editing by Shounak Dasgupta)

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