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AAP
AAP
Business
Marion Rae

Origin exits Beetaloo for up to $90m loss

Origin Beetaloo Frank Calabria NT Origin Energy Beetaloo Basin
The sale of Beetaloo will allow Origin to invest in cleaner energy, CEO Frank Calabria says. (James Gourley/AAP PHOTOS) (AAP)

Origin Energy has offloaded its stake in the Northern Territory's gas-rich Beetaloo Basin for a loss of up to $90 million.

Origin announced on Monday it will sell out of the project to focus on its "strategy and ambition to lead the energy transition", and would book a post-tax loss of $70 million to $90 million on the transaction.

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