Contracts in the LNG segment registered a decrease in activity by 62% in August 2022 with a total of five contracts, when compared with the previous month’s total of 13 contracts, according to GlobalData’s oil and gas contracts database.
A total of five 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 Liquefication sub-segment reported three contracts, representing 60% of the total five LNG contracts, followed by two contracts in the LNG regasification sub-segment.
LNG segment contracts by region in August 2022
Asia-Pacific took the top position with three contracts and a 60% share of the total LNG contracts globally in August 2022, followed by Middle East and North America with one (20%) contracts each.
Contracts by scope of work in LNG segment in August 2022
During the month, the majority of contracts in the LNG segment were awarded in the construction with three contracts, followed by design & engineering and procurement with one contract each.
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.