LNG segment Contracts up 50% in October 2021
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Contracts in LNG segment up 50% in October 2021

By Carmen 12 Nov 2021

Contracts in the LNG segment registered an increase in activity by 50% in October 2021 with a total of 15 contracts, when compared with the previous month’s total of 10 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 14 contracts.


LNG Liquefication sub-segment reported 14 contracts, representing 88% of the total 16 LNG contracts, followed by two contracts in the LNG regasification sub-segment.

LNG segment contracts by region in October 2021

North America took the top position with six contracts and a 40% share of the total LNG contracts globally in October 2021, followed by Europe and Asia-Pacific with five (33%) and four (27%) contracts, respectively.

Contracts by scope of work in LNG segment in October 2021

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

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.