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August 22, 2022

Contracts in LNG segment up 18% in July 2022

By Carmen

Contracts in the LNG segment registered an increase in activity by 18% in July 2022 with a total of 13 contracts, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.

A total of 13 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 regasification sub-segment registered nine contracts, representing 56% of the total 16 LNG contracts, followed by seven contracts in the LNG liquefication sub-segment .


LNG segment contracts by region in July 2022

Europe took the top position with five contracts and a 38% share of the total LNG contracts globally in July 2022, followed by North America and Middle East with three (23%) and two (15%) contracts, respectively.

Contracts by scope of work in LNG segment in July 2022

During the month, the majority of contracts in the LNG segment were awarded in the procurement with eight contracts, followed by design & engineering and construction with seven and four 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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