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The tax reform in the US has positively impacted on the returns of the project and we expect, based on our current interpretation of the reform, that it will contribute around 0.5% to returns or equivalent increase of $500 million in net present value of this investment.Based on our internal assessment, we are of the view that the long term internal rate of return is in a range of between 7.5% to 8.5%, based on conservative ethane prices. We will be reviewing these assumptions in the coming months in light of accelerated shale oil development in the Permian Basin of North America.At Spot Prices, using the last quarter of calendar year 2017 as a reference, the IRR is between 9% and 9.5%. These updated numbers include the benefits from the tax reform and lower spot ethane prices.Our focus for LCCP remains commissioning, operations and business readiness.
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