2017 was a mixed year for LNG. There were no new importing or exporting countries, the first time this has happened since 2002. For much of the year gas and LNG prices remained low. New projects struggled to advance and several were cancelled. Coral FLNG was the only liquefaction plant to take a FID. But the year ended with spot prices at their highest level in three years, shipping charter rates at the highest since January 2014 and China not just breaking, but smashing records for LNG demand. European LNG imports levels were the best in five years, despite a big fall in UK imports. Russia successfully brought online a LNG plant, just 2,000 km from the North Pole in December. The Sabine Pass plant in the US Gulf started another two trains with output exceeding nameplate capacity in the final months of the year.