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