I did write a report on that. You all have a copy of the link to it. Let me just summarize the conclusions and then point out what some of the probable opportunities are.
The first conclusion is that it's taking a long time to get that plan and the investment proposals together to try to be considered by various levels of government. In the meantime, the market in the Asia-Pacific region has changed dramatically. Let me just list two things that have happened.
The first is that, following the earthquake and the damage to the nuclear facilities in Japan, the demand for LNG shipped in to support the electricity industry climbed astronomically—up to seven LNG trains annually, a tremendous increase. Price increased, and it was very attractive for us to consider investing in that market. Now the nuclear facilities are beginning to come back on line, and the demand and the margins have collapsed quite a bit. It's changed the dynamic of how many trains of LNG we'll be able to use to penetrate that market.
Second, the market is based on contracts. It's a different market from the oil market. You arrange contracts ahead of time and you satisfy them over 20 to 25 years. If someone gets in ahead of you and scoops the contracts, you don't get back into the line again for a long period of time. That's changing; we're going to a spot market more now than we have in the past. I think that if we imagine making a decision and narrowing down the number of applicants, we'll be more competitive and we'll have a chance to penetrate what's left of that market.