Australia's Origin Energy lifts low end of 2026 APLNG production outlook, Q2 APLNG revenue rises sequentially

Jan 30 (Reuters) - Australia's Origin Energy ORG.AX on Friday raised the lower end of its 2026 production forecast for its Australia Pacific LNG, and posted a 10% sequential rise in revenue from its stake in that same project in the second quarter, helped by higher LNG sales.

The power producer now expects its 2026 production from APLNG — a joint venture with ConocoPhillips COP.N and Sinopec 600028.SS — to be between 645 petajoules (PJ) and 680 PJ, compared to its previous guidance of 635 PJ to 680 PJ.

However, it flagged a lower production contribution in the second half of the year due to fewer days and continued natural decline in the eastern and non-operated fields.

The company said revenue from its stake in APLNG was A$528 million ($372.13 million) for the three months ended December 31, compared with A$482 million in the September quarter.

Continued focus on operational performance at APLNG has helped in delivering steady production and revenue, and supported reliable gas supply for export and domestic customers, said Origin CEO Frank Calabria.

However, Origin realised $9.55 per million British thermal units (mmBtu) in the quarter for LNG sold from APLNG in Queensland, down from $10.08 per mmBtu sequentially.

Liquefied natural gas prices were under pressure during the last quarter of 2025 due to ample supply and muted demand in Asia, with benchmarks still coming off a sharp decline in 2025. LNG/

($1 = 1.4188 Australian dollars)