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Global Project Data

At more than 250 active projects, the gas processing/LNG sector represents nearly 25% market share in active projects globally. Most of the sector’s active projects are in the Asia-Pacific region, followed by the U.S. Over the past two years, the gas processing/LNG industry has witnessed a decline in active projects. From 2019–2021, active projects have declined year-over-year by 22% and 23%, respectively. Lockdowns and travel restrictions enacted from the COVID-19 pandemic has had a significant effect on new project construction, a trend that has also affected the refining and petrochemicals industries. When broken down by activity level, nearly 70% of active gas processing/LNG projects are in preconstruction phases.  GP

GP1021 Global Project Data Fig 01
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GP1021 Global Project Data

Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The editors of <i>Hydrocarbon Processing</i>, sister publication to Gas Processing & LNG, will release their “HPI Market Data 2022” annual forecast report in October.
Industry Focus: Sensor advances allow pipeline leak detection to take to the skies
-Doug Baer
Sustainability and green initiatives have always been laudable objectives, with mission statements around the world confirming commitments to lower emissions and energy consumption, and increase recyclability, to name a few.
Maintenance and Reliability: Prevent unplanned shutdowns for LNG liquefaction facilities
-Peter Zhang
Although an unplanned shutdown is an integrated part of the operational and safety management system of an operating plant, unplanned shutdowns for a modern LNG liquefaction operating facility often become some of the costliest events for the facility owner.
Regional Focus: Balancing Africa’s world-class LNG projects and the environment
-Shem Oirere
The construction of world-scale natural gas processing plants by three of Africa’s top natural gas producers has attracted scrutiny, despite efforts to commercialize the continent’s hydrocarbon resources and expand energy supply on the continent.


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