In this ng environment/slump, I think ECA is being smart by creating a market LOCALLY for their main product. In essence, all this surplus ng in NoAm is stranded, while the rest of the world is paying $8 for ng because they can't seem to replicate the shale results we've had in NoAm.
I'd also like to see them partner up with someone (SRE maybe) to allow exporting LNG, too. I mention SRE (vs. stock ticker LNG) because they have an import terminal in Baja that could support export since the pipeline infrastructure between the US and SoCal is already there, plus permitting would be easier in Baja than the US. Plus, after extensive research, I've found too many "black hats" from previous companies that ended up going bust after riding high on the hog involved in key positions in the myriad corp. structure that LNG set up -- very Enron-ish, and with some guys deeply involved in the S&L meltdowns/scandals from the '80s -- I won't name names because they are recognizable and possibly litigious, but if one looks at all of the divisions' key players (and it is hard at first because LNG has set themselves up in a very complex way), one can see for themselves.
I pick on LNG only because if all of the stars align, they look to be the first outfit able to export LNG in quantity via GoM -- I just wouldn't put any of my own money on whether they'll actually do it, and/or how long it may be before things implode on them -- just my opinion based on who is involved.
I also like the idea of a partnership with SRE because it is established, big and been around a long time. Plus they own my local gas and elect. co.
Back to ECA, they also have quite a bit of retail experience to draw on from before spinning off CVE, etc., so this new plan to sell LNG retail could be a real plus. Might also explain why they've sold off so many assets of late.