Contracts in the LNG segment registered a decrease in activity by 32% in May 2022 with a total of 15 contracts, when compared with the previous month’s total of 22 contracts, according to GlobalData’s oil and gas contracts database.
A total of 15 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 eight contracts, representing 53% of the total 15 LNG contracts, followed by seven contracts in the LNG liquefication sub-segment .
LNG segment contracts by region in May 2022
North America took the top position with five contracts and a 33% share of the total LNG contracts globally in May 2022, followed by Europe and Asia-Pacific with four (27%) and three (20%) contracts, respectively.
Contracts by scope of work in LNG segment in May 2022
During the month, the majority of contracts in the LNG segment were awarded in the operations & maintenance with nine contracts, followed by procurement and design & engineering with seven and five 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.