Liquefied Natural Gas Ltd. (LNG.AU) said Tuesday it is considering sourcing gas for the proposed Fisherman's Landing project in Queensland state from providers other than Arrow Energy Ltd. (AOE.AU).

LNG Ltd. said it has extended an early-stage agreement to sell the project to Arrow 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.

But LNG Ltd. said the agreement with Arrow has become non-exclusive, meaning it can explore other gas supply opportunities.

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.

Arrow said it remains in "active discussions" with Shell and PetroChina, which is in line with similar comments made by Shell late on Monday.

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