January 2018

Trends and Resources

Industry Perspectives: New gas processing/LNG project announcements increase for the first time in three years

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 800 new projects have been announced since 2015. Over the past few years, new project announcements have decreased each year. However, the rate of decline has slowed over the past year.

Nichols, Lee, Hydrocarbon Processing Staff

According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 800 new projects have been announced since 2015. Over the past few years, new project announcements have decreased each year. However, the rate of decline has slowed over the past year. New project announcements decreased from 302 in 2015 to 256 in 2016, and to 220 in 2017. This trend represents year-over-year (y-o-y) decreases of 15% and 14%, respectively. FIG. 1. Trend analysis on new project announcements vs. new gas processing/LNG projects by region, 2015–2017. Source: Hydrocarbon Processing’s Construction Boxscore Database. Conversely, new gas processing/LNG project

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