Origin Energy has taken a further step in securing funding requirements for its APLNG project in Queensland after raising $US500 million ($A513 million) in the US market through a senior unsecured notes offering.

 

The Notes will be issued by Origin Energy Finance Limited (a subsidiary of Origin) and will be guaranteed by Origin Energy Limited and certain of its subsidiaries.

 

Origin is Australia's largest energy retailer servicing 4.5 million electricity, natural gas and LPG customer accounts and has one of the country’s generation portfolios with more than 5,800 MW of capacity, through either owned generation or contracted rights.

 

Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing the $20-billion Australia Pacific LNG project which involves the development of CSG resources in the Surat and Bowen basins, including a 450-km transmission pipeline and the construction of a multitrain LNG facility on Curtis Island, near Gladstone.