April 30 (Reuters) - Australia's Origin Energy reported a 7% sequential increase in third-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project on Tuesday, supported by higher volumes and higher average realised LNG prices.
The power retailer said its share of revenue from APLNG, a joint venture with ConocoPhillips and Sinopec
, rose to A$633 million ($415.44 million) in the three months to March 31, from A$591 million in the previous quarter.
($1 = 1.5237 Australian dollars)
(Reporting by Poonam Behura and Sneha Kumar in Bengaluru; Editing by Tasim Zahid)
((Sneha.kumar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments