Open main menu

Wikipedia β

Origin is an Australian listed public energy company with headquarters in Sydney. It is an Australian Stock Exchange publicly listed company.

Origin Energy Ltd
Public
Traded as ASXORG
Industry Energy
Founded February 2000, but parts of the business date from the 20th century
Headquarters Australia Square
Sydney, New South Wales, Australia
Key people
Frank Calabria (CEO) (MD)
Products Electricity, natural gas, solar panels, LPG, hot water, heating and cooling, electric vehicle charging
Revenue A$12,174 million (2016) [1]
Decrease A$589 million after tax (2016)[1]
Number of employees
6,000 (2016)[2]
Website Origin Energy Origin LPG

Contents

HistoryEdit

Origin Energy was formed in February 2000, as a result of a demerger of the Australian conglomerate, Boral Limited, which saw the energy business formed as a new company, separate from the building and construction materials business.[3] The SAGASCO business became part of Origin Energy as part of the demerger.

Between 2001 and 2002, Origin acquired the Victorian electricity network suppliers Powercor and CitiPower. In 2004, the SEAGas pipeline was completed and commissioned, which served to link the Victorian and South Australian gas markets. During this time, Origin obtained 50% interest in the Kupe Gas Field, and managed to obtain Edison Mission Energy's 51.4% interest in New Zealand's Contact Energy.[3] Origin sold its 53% shareholding in Contact Energy to the market in 2015.[4]

On 27 November 2006 the Queensland Government announced the sale of Sun Retail Pty Ltd, the former retailing arm of Energex to Origin for $1.202 billion. Sun Retail included some 840,000 residential, commercial and industrial electricity customer accounts and 55,000 LPG customers.[5]

On 15 December 2010, Origin Energy announced that it would purchase the retail divisions of Country Energy and Integral Energy from the Government of New South Wales, at a total cost of A$3.25 billion,[6] as well as entering a GenTrader agreement with Eraring Energy (in which Origin supplies fuel, pays certain charges, and can dispatch and sell electricity output, while Eraring Energy owns, operates and maintains the power stations). The transaction was completed on 1 March 2011.[7]

Core businessEdit

 
Uranquinty Power Station (Natural gas)

Natural gas exploration and productionEdit

The company has a diverse exploration portfolio, which includes the Bowen, Surat and Cooper / Eromanga basins in Central Australia, the Otway and Bass basins in Southern Australia, as well as interests in the Perth Basin and Browse Basin in Western Australia, and the Bonaparte Basin in the Northern Territory. Outside Australia, Origin operates the Kupe gas field in the Taranaki Basin of New Zealand. The company also holds interests in New Zealand’s Canterbury Basin, and further afield, has interests in permits in Botswana and Vietnam.

Australia Pacific LNG, Queensland, AustraliaEdit

Origin Energy is a major shareholder together with US giant ConocoPhillips and China's Sinopec in a joint venture of Australia Pacific LNG (APLNG),[8] that delivers Australia's largest coal seam gas (CSG) to liquefied natural gas (LNG) export project in Queensland.

The project consists of:[9]

  1. Further development of Australia Pacific LNG’s gas fields in the Surat and Bowen Basins in south-west and central Queensland.
  2. Construction of a 530 km gas transmission pipeline from the gas fields to an LNG facility on Curtis Island off the coast of Gladstone.
  3. Construction of an LNG facility on Curtis Island off the coast of Gladstone, with the first two gas production trains processing up to 9 million tonnes per annum.

On 26 October, 2017, gas producer and exporter APLNG entered into a sales agreement with Origin Energy, to supply 41 petajoules of gas under a 14-month contract starting 1 November, significantly boosting the supply of natural gas to the domestic east coast market. The contract brings the company's total commitment to 186 PJ for 2018, representing almost 30% of Australian east coast domestic gas market demand.[8]

Energy retailingEdit

As Australia's largest energy retailer, Origin has approximately 4.217 million customers, servicing both large energy customers and the residential and small business market.[1] Product and service offerings include electricity, natural gas and LPG. Origin is also Australia’s leading provider of low-carbon products such as GreenPower, Green Gas and solar PV.[citation needed]

Electricity generationEdit

Origin operates one of Australia's largest power generation portfolios with 6,010 MW of capacity. This represents approximately 13 per cent of power generation capacity in the National Electricity Market.[10]

power station[11] State location capacity Peak/base Commissioned Fuel notes
Darling Downs Power Station Queensland Dalby 644 MW Baseload 2010 coal seam gas from the Surat Basin
Roma Power Station Queensland Roma 80 MW Peaking 1999 Gas built by Boral[12]
Mortlake Power Station Victoria 12 km west of Mortlake 566 MW Peaking 2012 Otway Basin gas Largest gas-fired power station in Victoria
Ladbroke Grove Power Station South Australia Penola 80 MW Peaking 2000 Natural gas
Quarantine Power Station South Australia Torrens Island 224 MW Peaking 2000 (enlarged in 2009) Gas
Uranquinty Power Station New South Wales Uranquinty 664 MW Peaking 2009 Gas
Eraring Power Station New South Wales Dora Creek 2,880 MW Baseload 1982 Coal Australia’s largest power station
Mount Stuart Power Station Queensland Stuart, Townsville 423 MW Peaking 1999 Kerosene North Queensland's largest power station. Open-cycle gas turbine
Shoalhaven Hydro Pump Storage Scheme New South Wales Kangaroo Valley and Bendeela 240 MW Peaking two pumped storage hydropower stations Water
Osborne Cogeneration Plant South Australia Osborne 180 MW Baseload and peak jointly owned by Origin and ATCO Power
Worsley Cogeneration Plant Western Australia Worsley 60 MW provides steam and power to the Worsley Alumina Refinery. Jointly owned by Origin and Verve Energy
Dandenong Cogeneration Plant Victoria Dandenong 120 MW gas In partnership with Places Victoria, Australia’s first urban distributed energy precinct
Bendigo and Ballarat Solar Parks Victoria Ballarat and Bendigo 300 kW 2009 Solar generate a total of 710 MWh of power per year

Renewable energyEdit

 
Challicum Hills Wind Farm

Origin is active in the renewable energy arena. It has spent a number of years developing:

Key executives[16]Edit

  • Frank Calabria - Chief Executive Officer
  • David Baldwin – Chief Executive Officer, Integrated Gas
  • Jon Briskin – Executive General Manager, Origin Retail
  • Andrew Clarke – Group General Counsel and Company Secretary
  • Greg Jarvis – Executive General Manager, Energy Supply and Operations
  • Tony Lucas – Executive General Manager, Future Energy and Business Development
  • Carl McCamish – Executive General Manager, Technology, Risk, HSE and Transformation
  • Sharon Ridgway – Executive General Manager, People and Culture
  • Lawrie Tremaine - Chief Financial Officer
  • Ben Bolot - Acting General Manager, Strategy and Development

ReferencesEdit

External linksEdit