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March 21, 2022

Contracts in LNG segment down 23% in February 2022

By Carmen

Contracts in the LNG segment registered a decrease in activity by 23% in February 2022 with a total of 10 contracts, when compared with the previous month’s total of 13 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 February 2022

Asia-Pacific took the top position with four contracts and a 40% share of the total LNG contracts globally in February 2022, followed by North America and Africa with two (20%) contracts each.

Contracts by scope of work in LNG segment in February 2022

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

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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