FIDs on new LNG projects have decreased since 2015 and some large scale greenfield projects have been postponed or cancelled. In contrast, smaller LNG projects including FLNG have gained traction towards an FID. Only one project globally has been sanctioned so far in 2017, the 3.4 mmtpa Coral FLNG project in Mozambique. Still, global supply growth will outpace demand until 2023. Thereafter, more capacity will be needed to meet rising global LNG demand. In Asia we are positive on overall LNG demand growth driven by Chinese, South Asian (India, Pakistan and Bangladesh) and Southeast Asian (particularly Indonesia, Thailand and Singapore) demand. In Japan, Korea, Taiwan (JKT), demand overall remains flat as LNG looks set to lose share in power generation due to increasing coal, nuclear and renewables capacity. But there is upside to our view in South Korea.