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Origin Energy

Company Summary

Description

Origin Energy is a leading Australian integrated energy company. Origin is a leading energy retailer with approximately 4.1 million customer accounts, has approximately 6,000 MW of power generation capacity and is also a large natural gas supplier. Origin is the upstream operator of Australia Pacific LNG, which supplies natural gas to domestic markets and exports LNG under long term contracts.

Website

https://www.originenergy.com.au/

Recent news

  • 8/1/2022 - Australia Diverting Gas... (subscriber access)
  • 2/22/2022 - ConocoPhillips Completes... (subscriber access)
  • 12/8/2021 - ConocoPhillips... (subscriber access)
  • 10/25/2021 - EIG Acquiring 10% Stake... (subscriber access)
  • 8/22/2019 - Falcon Oil & Gas... (subscriber access)

Company Transactions

Date: 3/31/2022
Type: Acquisition

SELLERS:
  • Origin Energy
  • DETAILS:

    COST: 1.645 $B

    NOTES:
    ConocoPhillips is exercising its right to purchase an additional 10% stake in Australia Pacific LNG from Origin Energy for $1.645 billion. They will fund the deal via cash on their balance sheet, and this boosts Conoco's stake in APLNG to 47.5%.
    REGIONS:
  • Australia
  • Date: 10/25/2021
    Type: Acquisition

    SELLERS:
  • Origin Energy
  • DETAILS:

    COST: 1.592 $B

    NOTES:
    EIG announced that it will be acquiring a 10% stake in Australia Pacific LNG Pty. Limited from Origin Energy for $1.592 billion. They cited that this marks the "first-ever acquisition of an interest in an operational integrated LNG project by a private equity sponsor."
    REGIONS:
  • Australia