You are correct; we face those right now. The price is very competitive. There are many producers. This is not an easy thing to do.
We have some advantages in the economics right now. We're a small project. We own port facilities in China with PetroChina. We own gas-fired power plants that produce electricity in China, so we have more of an integrated structure. It's clear that renewables are growing, and as a gas producer we shouldn't be afraid of that, but even if China were to quadruple its renewables over the next decade or so, they are still probably going to need to triple the amount of gas consumption.
There are about 20 to 30 countries importing LNG now; you're going to see that increase to 50. Demand is going to grow. It doesn't mean the demand for renewables isn't going to grow, and there is probably some opportunity there.
I happened to read a recent article in Foreign Affairs the other day. The reality is the firmness required for renewables still requires something else and the lowest GHG power other than large-scale hydroelectric is gas. With the absence of large-scale hydroelectric, which many parts of the world just don't have, they're going to be looking to import gas to firm that power.
Frankly our facility, by choosing to go to electricity, will facilitate the expansion of renewables in British Columbia.
I don't think these things are necessarily in conflict. They couldn't run in parallel because we're seeing a growing middle class in China. Huge swaths of China are still developing. We're seeing a similar thing in India and other emerging nations: the Philippines, Indonesia, whose middle class is going to be looking to move to the next stage.
They're not going to wait. They're going to move to the product that's available, and hopefully that's gas and renewables, so they can move off coal.