{
  "id": 327741,
  "title": "Daewoo E&C Lands Mozambique LNG Project",
  "url": "https://urgent.news/2026/08/07/daewoo-e-c-lands-mozambique-lng-project",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-07T12:05:47.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=274360"
  },
  "original_language": "en",
  "account": "Daewoo Engineering & Construction has been chosen as the Engineering, Procurement, and Construction (EPC) contractor for the 'Rovuma LNG Phase 1' liquefied natural gas (LNG) project in Mozambique, according to a selection made on August 7. The SMDC JV, a global consortium consisting of Italy's Saipem, the United States' McDermott, and China's CPECC, along with Daewoo E&C, will lead the project. The venture aims to construct a 18.6 million ton annual LNG production facility, utilizing offshore gas fields in Mozambique and incorporating environmentally friendly 'e-driven' technology. ExxonMobil Mozambique, the project's representative, plans to make the Final Investment Decision by year-end. The receipt of a Letter of Intent marks the preliminary stage, which includes refining the initial design and procuring major equipment and materials. Daewoo E&C plans to commence full-scale construction once the main contract is signed at the end of the year, demonstrating its capability to lead the project alongside global EPC leaders.",
  "summary": "Daewoo Engineering & Construction announced on August 7 that the SMDC JV, in which it participates as a prime contractor, has been selected as the Engineering, Procurement, and Construction (EPC) contractor for the ‘Rovuma LNG Phase 1’ project, a liquefied natural gas (LNG) development project in Mo",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}