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8 Pages

Outlook for the LNG EPC sector  

Outlook for the LNG EPC sector  

Report summary

The LNG EPC sector's capacity is set to peak in 2015 when the waves of LNG construction climax in Australia and North America. New entrants have also entered the sector, historically dominated by only five incumbent contractors.

But the construction boom will soon come to an end – we forecast a drop in LNG construction beginning outside North America in 2015, and extending to within North America from 2019. Ample spare EPC capacity and a greater number of contractors will be competing in a drastically diminished market. This will lead to significant competitive pressure on contractors to accept reduced margins and more onerous terms, and downsize their LNG teams. Contractors' bottom lines will be increasingly affected, with some contractors better placed than others to weather to storm.

What's included?

This report includes 1 file(s)

  • Outlook for the LNG EPC sector PDF - 349.84 KB 8 Pages, 1 Tables, 4 Figures


This LNG Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

If you want to look at the trends, risks and implications of this topic, this report gives you an alternative point of view to help inform your decision making.

Offering bottom-up market analysis for over 150 LNG supply assets, 28 LNG-importing countries and more than 500 LNG contracts, Wood Mackenzie is the definitive and trusted resource for the LNG industry.

We use our robust database and expert industry knowledge to help you understand the dynamics of the global LNG industry and identify emerging trends and opportunities.

  • Executive summary
  • Introduction
  • EPC players
  • Barriers to entry have been high…
  • …but US LNG is enabling more new entrants
  • Competitive tension to rise as workflow falls, beginning outside North America

In this report there are 5 tables or charts, including:

  • Executive summary
  • Introduction
  • EPC players
    • Figure 1. EPC market share
    • Outlook for the LNG EPC sector : Image 2
    • Figure 2. LNG EPC market share over time
  • Barriers to entry have been high…
  • …but US LNG is enabling more new entrants
  • Competitive tension to rise as workflow falls, beginning outside North America
    • Figure 3. Forecast LNG workflow – including pre-FID projects
    • Outlook for the LNG EPC sector : Table 1
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