Liquefied Natural Gas Ltd. (LNG.AU) said Tuesday it extended an early-stage agreement to sell its Fisherman's Landing project in Queensland state to Arrow Energy Ltd. (AOE.AU) until June 30.

The agreement has been extended to accommodate Arrow receiving a takeover offer from Royal Dutch Shell PLC (RDSB) and PetroChina Ltd. (PTR), which has made the deal's completion less certain.

LNG Ltd. said the agreement with Arrow has become non-exclusive, meaning the company can explore other gas supply opportunities for the proposed Fisherman's Landing project.

Early site works at the project have been placed on hold, pending an assessment of all gas supply and project ownership options, the company said.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; ross.kelly@dowjones.com
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