The integrated natural gas market is a great strength of North America, and the prospect of natural gas coming into eastern markets from the United States is a competitive advantage for industrial, residential, and commercial consumers in those eastern markets, because the transmission costs are lower.
My colleague mentioned a number of as much as eight billion cubic feet per day of potential exports from likely projects. These are export projects on the west coast, announced projects. This eight billion cubic feet a day is under three trillion cubic feet a year, which is more or less the volume of natural gas we currently export to the United States. In other words, what you could see is a direct offset, eastern markets taking U.S. gas, which is closer and more affordable for domestic supply, and western suppliers exporting Canadian western gas to Asian markets.
It isn't a threat to the domestic price regime in the domestic marketplace. It's buy low, sell high, and doing both at the same time, which is an opportunity for Canada if we can seize it.