Contracts in the LNG segment registered an increase in activity by 13% in Q1 2022 with a total of 52 contracts, when compared with the previous quarter’s total of 46 contracts, according to GlobalData’s oil and gas contracts database.
A total of 52 contracts were registered in the LNG liquefaction and regasification segment globally during the quarter, when compared with the last four-quarter moving average of 46 contracts.
LNG Liquefication sub-segment reported 35 contracts, representing 64% of the total 55 LNG contracts, followed by 20 contracts in the LNG regasification sub-segment.
LNG segment contracts by region in Q1 2022
Asia-Pacific took the top position with 21 contracts and a 40% share of the total LNG contracts globally in Q1 2022, followed by North America and Europe with 17 (33%) and seven (13%) contracts, respectively.
Contracts by scope of work in LNG segment in Q1 2022
During the quarter, the majority of contracts in the LNG segment were awarded in the design & engineering and procurement with 24 contracts each, followed by operations & maintenance with 12 contracts.
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.