ORIGIN Energy is looking forward to the step change in earnings it will enjoy from 2015 due to rising gas prices and its liquefied natural gas project coming online.
The prospect of a gas shortage in NSW or at least high export parity prices has Australian east coast domestic users extremely worried.
Origin said on Thursday during an investor roadshow that it had already signed domestic gas supply contracts at export parity pricing - an estimated $6-$9 a gigajoule instead of the historical $3-$4 as the $70 billion suite of Queensland LNG export projects come online.
The company was also looking beyond the the $24.7 billion Australia Pacific LNG in Queensland that has dominated its focus in recent years and preparing to decide on new gas and renewable energy development opportunities.
They included gas opportunities such as Ironbark in Queensland and Halladale/Black Watch in the Otway Basin and the Stockyard Hill wind project in western Victoria.
The nation's largest energy retailer's underlying profit last year of $760 million came out of selling electricity and gas wholesale and retail and fell 15 per cent because of heavy discounting.
It forecast a lift in those earnings with NSW and Queensland expected to remove price tariffs over the next two years.
The APLNG would double cashflow and revenue, the company said.
"Origin's investment in APLNG will drive a step change in earnings," it said.
While there are warnings from NSW businesses that the state is facing a gas shortage, Origin signed a nine-year deal last month to buy more than $3 billion in gas from ExxonMobil and BHP Billiton to go to NSW representing more than one-third of its needs albeit at higher prices.
Origin's shares were 2.5 cents higher at $13.98 at 1430 AEDT.
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