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January 11, 2022

Contracts in LNG segment up 9% in December 2021

By Carmen

Contracts in the LNG segment registered an increase in activity by 9% in December 2021 with a total of 12 contracts, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.

A total of 12 contracts were registered in the LNG liquefaction and regasification segment globally during the month, when compared with the last 12-month moving average of 14 contracts.


LNG Liquefication sub-segment reported nine contracts, representing 69% of the total 13 LNG contracts, followed by four contracts in the LNG regasification sub-segment.


LNG segment contracts by region in December 2021

Asia-Pacific took the top position with five contracts and a 42% share of the total LNG contracts globally in December 2021, followed by Europe and North America with four (33%) and two (17%) contracts, respectively.

Contracts by scope of work in LNG segment in December 2021

During the month, the majority of contracts in the LNG segment were awarded in the operations & maintenance with six contracts, followed by design & engineering and procurement with four and three contracts, respectively.

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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