India, Oct. 30 -- Origin Energy Limited (ORG.AX), an Australian energy company, Friday reported higher revenue from its Australia Pacific LNG business for the first quarter, supported by stronger realised oil and LNG prices. Electricity sales also increased, while gas sales declined year over year.
APLNG revenue rose 22% to A$2.601 billion from A$2.124 billion a year ago. Production declined 4% to 162.8 petajoules (PJ), while sales increased 4% to 167.4 PJ.
The average realised LNG price climbed 32% to US$13.27 per million British thermal units (mmbtu), while the average domestic gas price fell 37% to A$5.67 per gigajoule.
In Energy Markets, electricity sales increased 3% to 9.5 terawatt-hours (TWh), supported by growth in retail custome...