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September 29, 2021updated 30 Sep 2021 3:27pm

Contracts in LNG segment down 10% in Q2 2021

By Carmen

Contracts in the LNG segment registered a decrease in activity by 10% in Q2 2021 with a total of 43 contracts, when compared with the previous quarter’s total of 48 contracts, according to GlobalData’s oil and gas contracts database.

A total of 43 contracts were registered in the LNG liquefaction and regasification segment globally during the quarter, when compared with the last four-quarter moving average of 45 contracts.

 

LNG Liquefication sub-segment reported 25 contracts, representing 58% of the total 43 LNG contracts, followed by 18 contracts in the LNG regasification sub-segment.

 

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LNG segment contracts by region in Q2 2021

Asia-Pacific took the top position with 17 contracts and a 40% share of the total LNG contracts globally in Q2 2021, followed by North America and Europe with 12 (28%) and eight (19%) contracts, respectively.

Contracts by scope of work in LNG segment in Q2 2021

During the quarter, the majority of contracts in the LNG segment were awarded in the design & engineering with 22 contracts, followed by procurement with 20 contracts.

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.

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