Contracts in the LNG segment registered a decrease in activity by 46% in Q3 2022 with a total of 26 contracts, when compared with the previous quarter’s total of 48 contracts, according to GlobalData’s oil and gas contracts database.
A total of 26 contracts were registered in the LNG liquefaction and regasification segment globally during the quarter, when compared with the last four-quarter moving average of 49 contracts.
LNG Liquefication sub-segment reported 16 contracts, representing 52% of the total 31 LNG contracts, followed by 15 contracts in the LNG regasification sub-segment.
LNG segment contracts by region in Q3 2022
Europe took the top position with eight contracts and a 31% share of the total LNG contracts globally in Q3 2022, followed by North America and Asia-Pacific with six (23%) and five (19%) contracts, respectively.
Contracts by scope of work in LNG segment in Q3 2022
During the quarter, the majority of contracts in the LNG segment were awarded in the design & engineering with 13 contracts, followed by procurement and construction with 11 and seven 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.