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  1. Market Data
April 13, 2022

Contracts in LNG segment up 142% in March 2022

By Carmen

Contracts in the LNG segment registered an increase in activity by 142% in March 2022 with a total of 29 contracts, when compared with the previous month’s total of 12 contracts, according to GlobalData’s oil and gas contracts database.

A total of 29 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 19 contracts, representing 59% of the total 32 LNG contracts, followed by 13 contracts in the LNG regasification sub-segment.


LNG segment contracts by region in March 2022

Asia-Pacific and North America took the top position with 11 contracts and a 38% share each of the total LNG contracts globally in March 2022, followed by Europe with four (14%) contracts.

Contracts by scope of work in LNG segment in March 2022

During the month, the majority of contracts in the LNG segment were awarded in the procurement with 18 contracts, followed by design & engineering and operations & maintenance with 12 and six 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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