Contracts in the LNG segment registered a decrease in activity by 14% in November 2022 with a total of 18 contracts, when compared with the previous month’s total of 21 contracts, according to GlobalData’s oil and gas contracts database.
A total of 18 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 10 contracts, representing 50% of the total 20 LNG contracts, followed by 10 contracts in the LNG liquefication sub-segment .
LNG segment contracts by region in November 2022
Asia-Pacific took the top position with seven contracts and a 39% share of the total LNG contracts globally in November 2022, followed by Europe and Africa with five (28%) and three (17%) contracts, respectively.
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Contracts by scope of work in LNG segment in November 2022
During the month, the majority of contracts in the LNG segment were awarded in the design & engineering with eight contracts, followed by procurement and operations & maintenance with seven and six 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.