$23b APLNG project gets final go ahead
Market watch top headlines
July 04 2012, 10:28AM
The final investments by the joint venture partners will result in Origin's stake in APLNG dropping from 42.5 per cent to 37.5 per cent.
ConocoPhillips also owns a 37.5 percent stake, and Sinopec the remaining 25 per cent.
Origin's remaining share of the cost of the project was about $3.6 billion, which the company expects to fund from existing loans and cash resources.
The final investment decision follows confirmation last week of a 20-year supply contract with Japanese power company Kansai.