I think the swap process allows BPT to recover some of the potential losses for non-use of pipeline transport and LNG processing. BPT said it will lose about $40m in the second half of FY24 for these contract obligations. If one LNG cargo makes $5m plus savings of $5m LNG plus transport cost, BPT will be able to offset $10m from the $40m loss. Another LNG cargo will likely be shipped in first half of FY25.
How the gas will be swapped back is something that BPT has not yet provided.
I think the swap process allows BPT to recover some of the...
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