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January 11, 2022

Contracts in LNG segment up 3% in Q4 2021

By Carmen

Contracts in the LNG segment registered an increase in activity by 3% in Q4 2021 with a total of 38 contracts, when compared with the previous quarter’s total of 37 contracts, according to GlobalData’s oil and gas contracts database.

A total of 38 contracts were registered in the LNG liquefaction and regasification segment globally during the quarter, when compared with the last four-quarter moving average of 42 contracts.


LNG Liquefication sub-segment reported 32 contracts, representing 78% of the total 41 LNG contracts, followed by nine contracts in the LNG regasification sub-segment.

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LNG segment contracts by region in Q4 2021

Asia-Pacific took the top position with 13 contracts and a 34% share of the total LNG contracts globally in Q4 2021, followed by Europe and North America with 12 (32%) and 10 (26%) contracts, respectively.

Contracts by scope of work in LNG segment in Q4 2021

During the quarter, the majority of contracts in the LNG segment were awarded in the design & engineering with 16 contracts, followed by procurement and operations & maintenance with 15 and 12 contracts, respectively.

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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