The major energy retailer is in exclusive discussions for a deal committing it to use the Venice Energy import terminal for 10 years.
Origin Energy is in exclusive negotiations to import liquefied natural gas through a proposed $300 million terminal in South Australia for at least 10 years, a deal that – if completed – would be a big boost for the Venice Energy project in Port Adelaide.
Origin, the subject of an $18.7 billion takeover offer from two North American suitors, noted a binding deal has yet to be signed, and said importing LNG through the project was one option being considered.
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