Origin Energy warns of A$1.2bn impairments

Oil and gas producer Origin Energy has warned of a A$1.2-billion post tax impairment for the second half of the 2017 financial year. The company told shareholders on Thursday that it expected an impairment charge on the Australia Pacific liquefied natural gas (APLGN) project, which would result in a A$815-million post-tax impairment for Origin, reflecting its 37.5% shareholding in the project.