The lowest cost producer is not Peyto
Qatar's bigger LNG expansion to squeeze US, other rivals:
https://www.reuters.com/business/energy/qatars-new-lng-expansion-plans-squeeze-out-us-other-rivals-2024-02-27/
"Analysts estimate Qatar's unit cost of LNG production to be as low as $0.3/mmBtu, versus $3-$5/mmBtu globally, as associated liquids production pays for most of the LNG construction costs, and as access to cheap labour from southeast Asia prevents projects ballooning in cost or slipping behind schedule."