Daewoo E&C advances in growing global LNG market

A photo of Daewoo Engineering & Construction's NLNG Train 7 project site in Nigeria / Courtesy of Daewoo E&C

Interest in liquefied natural gas (LNG) plant construction is rising as the Alaska LNG project gains traction, following POSCO International’s preliminary agreement last month with lead developer Glenfarne Alaska LNG, signaling greater Korean participation and renewed momentum in related projects.

Building on this development, Daewoo Engineering & Construction (Daewoo E&C) stands out among domestic builders for its outstanding record in LNG liquefaction plant construction, a critical segment of the LNG value chain, making it a leading Korean player in the global LNG market.

“As LNG continues to gain importance as a clean and transitional energy source, the ongoing expansion of the LNG industry represents a significant opportunity for Daewoo E&C,” a company official said. “We plan to leverage our accumulated technical expertise and project experience to strengthen our position as a top-tier global construction company.”

LNG combined-cycle power plants, which run on liquefied natural gas, generate far lower carbon emissions than traditional coal or oil-fired facilities. These plants produce power in two stages: first by burning LNG in gas turbines, then by capturing the waste heat to generate steam that drives steam turbines.

This highly efficient setup allows LNG power to play a vital role in the ongoing shift to renewable energy sources worldwide. With power consumption from artificial intelligence (AI)-driven data centers surging, global demand for LNG is expected to continue climbing.

A photo of Daewoo Engineering & Construction's liquefied natural gas plant construction site in Sakhalin, Russia / Courtesy of Daewoo E&C

Daewoo E&C first gained industry recognition when it became the first Korean lead contractor for Nigeria’s NLNG Train 7 project, which had long been dominated by major global engineering, procurement and construction (EPC) firms.

By securing a 40 percent stake in the 5.2 trillion won project, Daewoo E&C achieved a breakthrough, firmly establishing its competitive standing in a market historically controlled by a small group of international players, including the U.S.’ Bechtel and McDermott, Italy’s Saipem and France’s Technip Energies.

Having built 11 LNG liquefaction plants, including projects in Russia, Algeria, Papua New Guinea, Indonesia and Nigeria, Daewoo E&C possesses strong expertise in constructing both liquefaction and regasification facilities. Industry experts see significant potential for the company to win additional contracts in these areas.

Currently, the company has resumed LNG plant operations in Mozambique and is actively pursuing new opportunities in Africa, Papua New Guinea and the Middle East, seeking to expand its presence in the growing global LNG market.

With its strong track record and technical capabilities, Daewoo E&C is widely regarded as one of the leading Korean contenders to participate in the upcoming Alaska LNG project, which will involve the construction of production facilities and liquefaction terminals.