Our global gas and LNG outlook continues to strengthen. Prospects for Asian LNG demand growth have improved again, while at the same time Europe will need more imports to satisfy demand. However in 2019 and 2020 the global LNG market is still expected to struggle to absorb the huge increase in LNG supply and as a result prices will soften. But by 2023 as the first wave of US LNG supply plateaus and LNG demand continues to increase, the market will tighten again, a year earlier than previously anticipated. Nevertheless, in the early 2020s we still expect Asian LNG demand growth to slow. And as LNG developers are gearing up to take FIDs on more than 100 mmtpa of new capacity, launching a new wave of supply, we think more supply will be developed than the market will require by 2025. Are we going to see another global LNG oversupply? The Global Gas Service Base Case report provides an overview of our H2 2018 outlook and price fundamentals.