Contracts in the LNG segment registered a decrease in activity by 42% in January 2022 with a total of 11 contracts, when compared with the previous month’s total of 19 contracts, according to GlobalData’s oil and gas contracts database.
A total of 11 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 nine contracts, representing 82% of the total 11 LNG contracts, followed by two contracts in the LNG regasification sub-segment.
LNG segment contracts by region in January 2022
Asia-Pacific took the top position with five contracts and a 45% share of the total LNG contracts globally in January 2022, followed by North America and Europe with three (27%) and two (18%) contracts, respectively.
Contracts by scope of work in LNG segment in January 2022
During the month, the majority of contracts in the LNG segment were awarded in the design & engineering with six contracts, followed by procurement and operations & maintenance with four and three 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.