MARKETS

Origin flags A$200 million impairment ahead of half year results

ORIGIN Energy expects to recognize a non-cash impairment and capital gains tax expense in its half -year results of A$190-200 million relating to selling a 10% stake in APLNG.

Mark Tilly

Relates to APLNG stake sale

Last October the company announced it would sell 10% of its stake in the facility for A$2.1 billion to global investor EIG. JV partner ConocoPhillips used its pre-emption rights in December to buy the...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.