Contracts in the LNG segment registered an increase in activity by 122% in October 2022 with a total of 20 contracts, when compared with the previous month’s total of nine contracts, according to GlobalData’s oil and gas contracts database.
A total of 20 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 15 contracts, representing 65% of the total 23 LNG contracts, followed by eight contracts in the LNG regasification sub-segment.
LNG segment contracts by region in October 2022
Asia-Pacific took the top position with eight contracts and a 40% share of the total LNG contracts globally in October 2022, followed by North America and Europe with seven (35%) and three (15%) contracts, respectively.
Contracts by scope of work in LNG segment in October 2022
During the month, the majority of contracts in the LNG segment were awarded in the procurement with 13 contracts, followed by design & engineering and construction with eight 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.