Contracts in the LNG segment registered a decrease in activity by 33% in November 2021 with a total of 10 contracts, when compared with the previous month’s total of 15 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 14 contracts.
LNG Liquefication sub-segment reported eight contracts, representing 73% of the total 11 LNG contracts, followed by three contracts in the LNG regasification sub-segment.
LNG segment contracts by region in November 2021
Asia-Pacific took the top position with four contracts and a 40% share of the total LNG contracts globally in November 2021, followed by Europe and North America with three (30%) and two (20%) contracts, respectively.
Contracts by scope of work in LNG segment in November 2021
During the month, the majority of contracts in the LNG segment were awarded in the design & engineering with five contracts, followed by procurement and construction 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.