Arrow Energy Ltd. (AOE.AU) said Thursday that it was looking at ways it could sell excess coal seam gas not already earmarked for an export plant being built by Liquefied Natural Gas Ltd. (LNG.AU) to local joint venture partner Royal Dutch Shell Plc (RDSA).

Arrow Chief Executive Nick Davies wouldn't comment on whether Shell was planning to build its own LNG plant at Gladstone in Queensland state.

Davies said Arrow clearly has a defined export plan with Liquefied Natural Gas Ltd. in the near term.

"But we also recognize that we have 70 billion cubic feet of gas resources on our blocks and if we add the Pure (Energy Resources) potential it's even greater," Davies said.

"We have to think long term about how we monetize all of those gas resources."

"And we're now starting to look at options as to how we might monetize the rest of our gas in LNG with Shell, but I can't say any more than that."

By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com
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