So, more to come there.
Joel Jackson: Thank you.
Operator: Our next question comes from Steve Hansen from Raymond James. Please go ahead, your line is open.
Steve Hansen: Yes. Thanks, guys. Rich, can you go back to the Chilean gas situation just in a little bit more detail? It sounds like on the back of some recent success, there’s an opportunity to secure some more gas going forward. Just trying to understand what that means for the pressure in profile next year, I guess, through the summer months in particular down there? And now we should think about maybe even the medium, longer-term profile for the pressure in the complex?
Rich Sumner: Yes. Thanks, Steve. So, a bit of a background on what’s happening in Chile. A lot of this is what’s happening in Argentina. Argentina is developing the Vaca Muerta field in the Neuquen Basin, and this is quite a prolific field. What they’re trying to do is, they’re investing in pipeline infrastructure. So, gas development is – a lot of success around gas development. And what they have done is, they are working on connecting that field into the major grid in Argentina. Argentina consumes about 120 million cubic meters a day in gas. What they did is they commissioned a pipeline that is now delivering, in the third quarter, that’s now delivering 10 million cubic meters into the grid. They’re working on adding compression to that pipeline, which would add another 10 million cubic meters per day into the grid as well.
So — and that will happen sometime in the first half of 2024. And then what they are also working on is another pipeline connection, which would double that capacity that would come on in the 2025 timeframe. In addition to that, there’s a development that’s happening in the Austral Basin by Total and Wintershall in a consortium there called the El Phoenix project, and that’s located really close to our plants. So, all of these developments are significantly improving the domestic gas balances in Argentina. And as well, that supports export markets, which we are very well positioned there with our assets. So, we’re really pleased to say that we’re going to be operating two plants at full rates during this sort of eight-month period. And like I said, it’s the first time in a very long time, we’ve been doing that.
And we’re going to work on longer-term gas. We think that focusing on the non-winter months is the right thing now and over time, we’ll also be hoping to improve our gas position during the winter months. But these are things we’ll continue to update on as we progress through.
Steve Hansen: Very good. Thank you. And just one follow-up on the G3 in terms of the commissioning and the inventory bill that you described. I know it’s early, but can you give us a sense for whether the 45 to 60, or 70 when do you describe will all take place in Q1 from your standpoint today, or will that start to build through the later part of Q4?
Rich Sumner: Yes. I think right now, the way to do it is starting in Q1. That would be probably the right way to think of it, around — starting in around the beginning of the first quarter.
Steve Hansen: Okay. Very helpful. Thank you.
Operator: Our next question comes from Hassan Ahmed from Alembic Global. Please go ahead, your line is open.
Hassan Ahmed: Good morning, Rich.
Rich Sumner: Good morning.
Hassan Ahmed: You guys saw a nice uptake across all your regions, obviously Europe — pricing-wise, Europe’s obviously for the quarter, no reflection there as yet. I’m just trying to understand the delta between sort of North American pricing and China/Asian pricing. I mean, even if I were to discount North American pricing, there is still, call it, as much as $70, $80 tonne delta between those pricing levels in the regions. So, just trying to get a better sense of why that exists? I mean it seems to me above and beyond shipping.
