Liquefied Natural Gas Mulling Other Gas Supply Options
March 15 2010 - 6:53PM
Dow Jones News
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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