Origin Energy
(ASX:ORG) has completed the 90-day operational phase of the Australia Pacific LNG lenders’ test.
The New South Wales energy supplier completed the 90-day operational phase of the two-train project finance test and achieved high operational performance across all metrics on the test.
Origin Energy says once formal certification is received, the remaining US$3.4 billion of shareholder guarantees, for the US$8.5 billion project finance facility will be formally released.
The company says the outstanding results show the quality of Australia Pacific’s LNG resources and facilities and it’s a credit to its JV partners.
Shares in Origin Energy
(ASX:ORG) are trading 0.79 per cent higher to $6.98.
