Australia Pacific LNG 45% Complete

Origin Energy’s Australia Pacific LNG (APLNG) project is approximately 45 per cent complete.

The company in its 2013 Annual Reserves Report and the Quarterly Production Report for its Exploration and Production business for the period ended 30 June 2013 said that Australia Pacific LNG's total Proved plus Probable (2P) reserves increased by two per cent or 271 petajoules equivalent (PJe) to 13,382 PJe net of production, and 3P reserves increased to 16,155 PJe.

Origin's 2P reserves as on 30 June 2013 totalled 6,201 PJe. This is a reduction of 607 PJe on the prior year, primarily due to the dilution of Origin's share in Australia Pacific LNG from 42.5 per cent to 37.5 per cent during the period, the company said.

Australia Pacific LNG is a CSG to LNG joint venture partnership between Origin (37.5%), ConocoPhillips (37.5%) and Sinopec (25%).