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October 2, 2021updated 04 Oct 2021 3:13pm

Contracts in LNG segment down 41% in August 2021

By Carmen

Contracts in the LNG segment registered a decrease in activity by 41% in August 2021 with a total of 10 contracts, when compared with the previous month’s total of 17 contracts, according to GlobalData’s oil and gas contracts database.

A total of 10 contracts were registered in the LNG liquefaction and regasification segment globally during the month, when compared with the last 12-month moving average of 15 contracts.

 

LNG Liquefication sub-segment reported six contracts, representing 60% of the total 10 LNG contracts, followed by four contracts in the LNG regasification sub-segment.

 

 

LNG segment contracts by region in August 2021

Asia-Pacific took the top position with four contracts and a 40% share of the total LNG contracts globally in August 2021, followed by Europe and North America with two (20%) contracts each.

Contracts by scope of work in LNG segment in August 2021

During the month, the majority of contracts in the LNG segment were awarded in the construction and design & engineering with six contracts each, followed by procurement with five contracts.

Methodology

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.

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