Origin Energy expects Sinopec to fulfil LNG sales contract

Australian energy firm Origin Energy expects Sinopec to fulfil its obligations to buy liquefied natural gas (LNG) from the Australia Pacific LNG joint venture (JV) project, the ASX-listed company said on Monday. Origin responded to speculation that the Chinese buyer might not want all the gas it agreed to buy from the JV, in which Origin holds 37.5%, ConocoPhilips 37.5% and Sinopec 25%. The Chinese firm has a sales and purchase agreement (SPA) to buy 7.6-million tonnes a year from the project.