That's a great question.
We have looked at regimes in other countries. The United States, for instance, has a very different approach whereby export licences are pretty much automatically approved if exports are going to any country with which the United States has a free trade agreement. More recently, under President Trump, export licences for projects that are exporting product to countries without a free trade agreement are also going forward.
Australia, which is another major LNG-exporting country, has a very different approach whereby it largely does not have regulations in place. It's seeing dynamics in its gas markets largely as a result of a lot of production being diverted to export opportunities. It's seeing significant spikes in domestic gas prices.
As such, we feel that this regulation really balances different needs—the need for Canada to diversify market access for its LNG and the need to be responsible in ensuring that it has long-term domestic supply so it can meet domestic needs as well.
