Origin mounts its white elephant (or vice-versa)

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From Fairfax:

Origin Energy has begun production at its Australia Pacific LNG project in Queensland, slightly behind schedule and amid the biggest rout in oil prices for years but marking a huge achievement for the venture after more than seven years of planning and construction.

The start-up of the first LNG train at the $24.7 billion project puts the venture on track to export its first cargo by the end of the year.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.