Mr. Philip Bradley:

There is certainly no cartel operating. It is a competitive industry which, over a number of years, going back to 2015, 2016 and 2017, was loss-making. It is a competitive market and I see no evidence of a cartel. The competitiveness of the market can be seen. If the local companies are not able to offer a competitive price, people have access to the international markets and London to access premiums and capacity.