Daewoo E&C Holds Groundbreaking Ceremony for Nigeria LNG Liquefaction Plant 'NLNG Train 7'

Dispelling Concerns Over Process Disruptions Due to COVID-19

On the 15th, the groundbreaking ceremony for NLNG Train 7 was held with the attendance of dignitaries including H.E Timipre Sylva, Minister of Petroleum Resources (center).

Daewoo E&C announced on the 17th that it held the groundbreaking ceremony for the 'NLNG Train 7' project, where it is participating as the main contractor for the LNG liquefaction plant on Bonny Island, Nigeria, on the 15th (local time).

Nigeria NLNG Train 7 is an LNG liquefaction plant and auxiliary facilities located on Bonny Island in Rivers State, Nigeria. The contract amount is approximately KRW 5.1811 trillion, and Daewoo E&C's share as a main contractor participating in the J/V is about 40%, amounting to approximately KRW 2.0669 trillion.

This project holds great significance in the history of domestic construction as Daewoo E&C secured the main contractor status in the LNG liquefaction plant EPC market, which has been monopolized by some global construction companies. Daewoo E&C, recognized as the top construction company in Nigeria with a track record of constructing five out of six existing NLNG Trains 1 through 6, won the contract due to its abundant project experience, available resources, and execution plans suitable for local conditions.

Daewoo E&C signed the main contract for NLNG Train 7 in May last year but has been focusing on design and procurement work to minimize the impact of COVID-19. Currently, the progress rate of NLNG Train 7 is 7.28%, faster than the planned 7.09%. On-site preparations such as site clearing, access road construction, and building offices and accommodations are proceeding normally to commence full-scale construction.

Overview of Bonny Island where Nigeria NLNG Train 7 is located

It is also noteworthy that government officials, including Nigerian President Muhammadu Buhari, officially announced the promotion of LNG liquefaction plant Train 8 at the event. As Daewoo E&C has secured global competitiveness in Nigerian construction, expectations for additional project participation are expected to rise once the Train 8 project is fully launched.

A Daewoo E&C official stated, "Since we have global competitiveness in the LNG liquefaction plant sector, which is regarded as an eco-friendly energy source, we plan to pursue continuous growth and orders in related fields in the future."

President Muhammadu Buhari of Nigeria attended the groundbreaking ceremony via video conference, and other dignitaries such as Barrister Nyesom E. Wike, Governor of Rivers State where the site is located, and H.E. Timipre Sylva, Minister of Petroleum Resources, were present. From Daewoo E&C, Taewon Jung, head of the Nigeria branch, attended the event along with representatives from Italy's Saipem and Japan's Chiyoda, who are also participating as main contractors. Considering the COVID-19 situation, the event was held on a minimized scale.

This content was produced with the assistance of AI translation services.