Expand Energy Corporation earnings call

… where our conditions precedent date passed and we terminated that contract. And as Mike said, we believe in the global LNG demand here. And so we had the opportunity to look at vessel one and take out a larger position. And important to that was we, we terminate the back-to-back contract as well. So as Mike alluded to, this gives us all the integrated strategy that we're trying to do, facilitate that new demand through that SBA, reach premium markets, get that asymmetry, and importantly, have some of the control on the water, either ourselves or through long-term partnerships where we can create more value and take a portfolio approach to our supply position. And our sales position downstream offered different terms and tenures of sales and also different indexations. The other important aspect i'd point out here is. we're trying to integrate this through our value chain, so we're have a long term partnership with dolphin we're negotiating with them right now to be there gas supply managers or integrating it right through our value chain. That differentiates us and brings more value to us, and we think brings more value to the customers we're able to offer different solutions.

It's Mike again. Generally, we agree. We agree we have a lot of demand coming to a very small area that's, of course, near our Hainesville asset. So we feel pretty well positioned, and we're fortunate to have a deeper inventory than most, and so we'll be able to go a lot longer than everyone else. Long term, when you start thinking about 20-year contracts, of course, you need to find other supply in different basins. You know, that, of course, can come from the Northeast. We're always worried about can it be done or not should it be done. We definitely think it should be done. So more gas will have to come from Appalachia, and, you know, of course, we'll benefit from that on our own assets. And, of course, everyone knows there's going to be more gas that's coming from the Permian as well.