The US exported close to 3 million barrels of ethane in H1 2017, a rise of 83% year-on-year. A majority of these exports were headed to Europe with volumes also headed to Canada, Brazil and India. Ethane from shale gas goes into making ethylene and then subsequently into the polymer polyethylene. Besides extracting ethane and exporting it, the US has built up large ethylene and PE capacities. About 4 million mt of PE will be surplus in the US during 2017 and this figure will touch 6 million mt in 2018. Starting at the end of 2017, and early 2018, we expect a high volumes of American PE to begin getting imported into Europe.