We have made an upward revision to our 2018 price forecast for Singapore SLInG. We now forecast an annual average of USD9.5/ mnBTU, compared to our previous forecast of USD9.10mnBTU. The LNG market behaved counter-seasonally over Q2/Q3, rallying in April and sustaining its gains for much of the period. The market should be seasonally strong in Q4, supported by winter demand in the northern hemisphere.

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