Contracts in the LNG segment registered a decrease in activity by 21% in April 2022 with a total of 22 contracts, when compared with the previous month’s total of 28 contracts, according to GlobalData’s oil and gas contracts database.
A total of 22 contracts were registered in the LNG liquefaction and regasification segment globally during the month, when compared with the last 12-month moving average of 16 contracts.
LNG regasification sub-segment registered 13 contracts, representing 52% of the total 25 LNG contracts, followed by 12 contracts in the LNG liquefication sub-segment .
LNG segment contracts by region in April 2022
Asia-Pacific took the top position with nine contracts and a 41% share of the total LNG contracts globally in April 2022, followed by North America and Africa with seven (32%) and two (9%) contracts, respectively.
Contracts by scope of work in LNG segment in April 2022
During the month, the majority of contracts in the LNG segment were awarded in the procurement with 11 contracts, followed by design & engineering and construction with 10 and six contracts, respectively.
All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.
More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.