🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Australia Pacific LNG second unit starts producing

Published 10/10/2016, 09:31 am
Updated 10/10/2016, 09:40 am
© Reuters.  Australia Pacific LNG second unit starts producing
ORG
-
COP
-
NG
-

MELBOURNE, Oct 10 (Reuters) - The Australia Pacific liquefied natural gas (LNG) plant, run by ConocoPhillips (NYSE:COP) COP.N , confirmed on Monday that production had begun in the second of its two units.

"The second train is up and running, enabling our LNG Facility on Curtis Island to deliver commercial quantities of LNG at sustained output from both trains," Australia Pacific LNG Chief Executive Page Maxson said in a statement.

APLNG, a 9 million-tonnes-a-year project co-owned by ConocoPhillips, Origin Energy ORG.AX and China's Sinopec 600028.SS , is among three coal seam gas-to-LNG plants to have opened on Curtis Island off Australia's east coast over the past two years.

APLNG did not say when it would ship its first cargo from the second production train, but traders say it is due in the second half of October. The plant has loaded 47 cargoes since starting up last December.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.