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Origin Energy posts 46% plunge in first-quarter APLNG revenue on lower prices

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Oct 30 (Reuters) - Origin Energy said on Friday first-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project fell 46%, hurt by lower realised prices for its oil and gas.

The Sydney-based power and gas retailer posted revenue of A$373.9 million ($266.55 million) from the joint venture in the September quarter, compared with A$688.3 million a year ago. Brokerage RBC estimated revenue to come in at A$429 million.

APLNG is a joint venture between Origin, ConocoPhillips and China's Sinopec, and it is the largest producer of natural gas in eastern Australia.

($1 = 1.4027 Australian dollars) (Reporting by A K Pranav and Arundhati Dutta in Bengaluru; Editing by Maju Samuel)