[MalcolmTucker]

The capex is not unrecoverable or stranded without LNG. Unlike let's say Sakhalin where there is no local market. The local market can carry the asset, around $11 billion spent for and by progress if you count that spending as purely for LNG, and I would say generously another billion in regulatory and engineering processes. http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/pacific-northwest-lng-project-waiting-on-liberals-conditions/article31284484/?service=mobile


I doubt we will see cargos until ten years from now. When everyone with offtake needs can buy spot cargos for less than the Canadian refrigeration costs, I suspect even the FID will be a go slow option.