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Australia's Origin Energy targets APLNG cost cuts

Published 28/11/2017, 10:01 am
© Reuters.  Australia's Origin Energy targets APLNG cost cuts
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Nov 28 (Reuters) - Australia's Origin Energy Ltd ORG.AX said on Tuesday it is targeting cost reductions in relation to its Australia Pacific LNG (APLNG) project as it looks to cut debt.

The country's top power and gas retailer said it will look to reduce costs by more than A$500 million ($380 million) per annum over 18 months at the joint venture.

The Sydney-based company also reaffirmed its full-year earnings and APLNG production guidance.

($1 = 1.3148 Australian dollars)

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