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July 14, 2022

Contracts in LNG segment down 13% in Q2 2022

By Carmen

Contracts in the LNG segment registered a decrease in activity by 13% in Q2 2022 with a total of 45 contracts, when compared with the previous quarter’s total of 52 contracts, according to GlobalData’s oil and gas contracts database.

A total of 45 contracts were registered in the LNG liquefaction and regasification segment globally during the quarter, when compared with the last four-quarter moving average of 48 contracts.


LNG Liquefication sub-segment reported 25 contracts, representing 52% of the total 48 LNG contracts, followed by 23 contracts in the LNG regasification sub-segment.


LNG segment contracts by region in Q2 2022

North America took the top position with 16 contracts and a 36% share of the total LNG contracts globally in Q2 2022, followed by Asia-Pacific and Europe with 15 (33%) and eight (18%) contracts, respectively.

Contracts by scope of work in LNG segment in Q2 2022

During the quarter, the majority of contracts in the LNG segment were awarded in the design & engineering and operations & maintenance with 19 contracts each, followed by procurement with 18 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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