Australian integrated energy company: Original Energy Limited (OGFGY)

Original Energy Limited（ OTCPK : OGFGY, OGFGF, ASX: ORG) was founded in 1946, Headquartered in Australia 5630 people, is a comprehensive energy company, which conducts natural gas exploration and production, power generation power And the wholesale and retail sales of natural gas and the sales of liquefied natural gas.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

Original Energy Limited (OGFGY)

Origin Energy is a company headquartered in Sydney Australian Stock Exchange (ASX) Listed companies. It is a major integrated power producer, as well as an electricity and gas retailer. The company operates the Erasing power plant in New South Wales, which is the largest coal-fired power plant in Australia and is planned to close in 2025. In 2022, it will be the fourth largest source of climate pollution in Australia. In 2022, Origin Energy signed a binding agreement, which will be Brookfield Renewable Partners They plan to invest 30 billion dollars to help them transform into renewable energy. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

Origin Energy is divided into three business departments: Energy Markets, Integrated Gas and Corporate. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

Original Energy Limited's exploration and production portfolio includes Bowen Basin and Surat Basin in Queensland; The Browns Basin in Western Australia (Browse); And the Beetaloo Basin of Northern Territory. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

Origin Energy Limited also passed the coal Wind energy, pumped reservoir solar energy And waste heat power plant; Sales of electricity, natural gas and liquefied petroleum gas; Provide green power and green natural gas products; And supply liquefied petroleum gas to residents and enterprises. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

In addition, Origin Energy Limited also provides electric and gas-fired hot water systems; Split air conditioning system; Air duct and space heating solutions; Air duct evaporative cooling system; And duct type reverse circulation air conditioning system. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

Core business of Original Energy Limited

1. Natural gas exploration and production The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

The company's portfolio includes Bowen and Surat basins in Queensland, Browse basin in Western Australia and Beetaloo basin in Northern Territory. In 2017, Origin sold its subsidiary Lattice Energy and its traditional upstream oil and gas business to Beach Energy at a price of US $1.585 billion. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

2、 Australia Pacific LNG The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

Australia Pacific LNG (APLNG) is a joint venture between Origin Energy and American giant ConocoPhillips and SINOPEC (China Petrochemical Corporation A joint-stock company. The project includes the development of Australia Pacific LNG's gas fields in Surat and Bowen basins, the construction of a 530km gas pipeline from the gas field to Curtis Island LNG facilities, and the construction of LNG facilities in Curtis Island. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/ogfgy.html

On October 26, 2017, the natural gas producer and exporter APLNG signed a sales agreement with Origin Energy to supply 41 pJ of natural gas under a 14 month contract from November 1. The contract brings the total commitment of the company to 186 PJ in 2018, accounting for almost 30% of the domestic natural gas market demand on the east coast of Australia.

3. Energy retail

Origin has about 4.217 million customers, serving large energy customers as well as residential and small enterprise markets.

4. Power generation

The power generation capacity operated by Origin is 6010 MW. This accounts for about 13% of the generation capacity of the Australian national electricity market.

Historical Encyclopedia of Original Energy Limited

Origin Energy was established on February 18, 2000 as a result of the spin off from Boral Limited, a comprehensive building materials company headquartered in Australia. SAGASCO (formerly South Australian Gas Company) became part of Origin Energy as part of the spin off.

From 2001 to 2002, Origin obtained a Victorian electricity retailer license from distributors Powercor and CitiPower. In 2004, the SEAGs pipeline was completed, connecting the natural gas market in Victoria and South Australia. During this period, Origin obtained 50% equity of Kupe Gas Field and Edison Mission Energy obtained 51.4% equity of Contact Energy in New Zealand. In 2015, Origin sold its 53% stake in Contact Energy to the market.

On November 27, 2006, the Queensland government announced that it would sell Sun Retail, the former retail department of Energex, to Origin at a price of A $1.202 billion.

On December 15, 2010, Origin Energy announced that it would acquire the retail departments of Country Energy and Integral Energy from the NSW government, with a total cost of A $3.25 billion; And signing a GenTrader agreement with ERARING Energy (where Origin provides fuel, pays certain fees, and can dispatch and sell power output, while ERARING Energy owns, operates and maintains the power station). The transaction was completed on March 1, 2011.

In August 2022, Origin Energy announced the goal of zero direct and indirect net emissions by 2050.

In November 2022, Origin received Brookfield Asset Management And EIG Global Energy Partners LLC (an American investment company headquartered in Washington, D.C., focusing on investment in the energy field). Origin agreed to this offer in March 2023, and its energy market business was Brookfield And its partners, while MidOcean Energy of EIG owns the integrated natural gas business of Origin.

On November 29, 2023, Origin Energy (OTCPK: OGFGF) indicated that Brookfield Asset Management (NYSE: BAM) (NYSE: BEP) and the consortium led by EIG Global Energy Partners did not conform to the best interests of its shareholders.

Original Energy Limited (OGFGY) US equity investment

The ADR trading volume of American stocks of Origin Energy is extremely low, so it is recommended to avoid it. Those who want to invest can Opening of Yingtou Securities Account , directly through the Australian stock market.