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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/

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Company Transactions

Date: 3/31/2022
Type: Acquisition

BUYERS:
  • ConocoPhillips Company
    • SELLERS:
  • Origin Energy
    • ASSETS:
  • Australia Pacific LNG Terminal
    • 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

    BUYERS:
  • EIG Global Partners
    • SELLERS:
  • Origin Energy
    • ASSETS:
  • Australia Pacific LNG Terminal
    • 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