ConocoPhillips, an American multinational corporation engaged in hydrocarbon exploration and production, completed the acquisition of a 10% stake in APLNG, a producer of natural gas, from Origin Energy, an energy company, for $1.6bn. "We are pleased to acquire this additional stake in APLNG, which throughout its six years of operations has served as a reliable and efficient supplier of natural gas to the growing Asia Pacific market, and to Australia's East Coast gas market," Ryan Lance, ConocoPhillips Chairman and CEO.