Daewoo E&C Negotiates Extension for Nigeria LNG Train 7 Project, Maintains 1.7 Trillion KRW Stake

Daewoo E&C is negotiating a change to the completion date of the Nigeria LNG Train 7 Project, with further disclosure upon finalization.
The project is a major EPC contract totaling approximately 4.3 trillion KRW, of which Daewoo's local subsidiary holds a 40% stake worth about 1.7 trillion KRW.
The timeline adjustment does not alter the contract value or equity share, thus limited direct impact on shareholder value.
[AI Summary]The contract timeline negotiation for Daewoo's Nigeria LNG project involves no change in size or stake, limiting short-term stock price impact. Long-term benefits from LNG demand growth remain.