BPT has very little gas that is sold using oil linked pricing. BPT does its own marketing of their gas share in SACBJV. Also, SACBJV legacy gas contracts set at low prices have just ended. So no more gas sold at low prices. BPT has a one year gas supply with Adelaide Brighton which started Jan 2017. And as you say, timing ( and location ) is important. Gas that can be delivered in next few years will definitely attract good margins.
AWE Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held