Nope. Unfortunately when you get into reading the actual submissions, there are definite nuances in wording which shows they are all not saying 100% the same thing......
BPT says - "domestic only" suppliers (i.e STX) should be able to export to LNG ONLY in times of oversupply. It's a BS concession at best, but Thats still not a level playing field. If the Domestic market remains "in balance" or as forecast, undersupply this decade, STX would not be able to export LNG.
BPT continues to advocate for 2 Groups:
US - The Exporters (including BPT)
Them - the "domestic only" suppliers - keeping STX in a box
IMHO, there should be just ONE group of gas suppliers (to remove all doubt) - and ALL should:
Ensure the reservation of the equivalent of 15% of LNG production for the domestic gas market - All Gas suppliers should be free to export based on their Resource base - This is the critical piece for investment @ scale and capital returns for shareholders
Ensure the development of domestic infrastructure (buy/build borrow/JV) to meet this obligation; and
Conduct diligence and good faith obligation to market gas into the domestic market.
STX Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
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