CB&I and Chiyoda Corporation Sign North American LNG Cooperation Agreement

  CB&I and Chiyoda Corporation Sign North American LNG Cooperation Agreement

PR Newswire

THE WOODLANDS, Texas, Jan. 13, 2014

THE WOODLANDS, Texas, Jan. 13, 2014 /PRNewswire/ --CB&I (NYSE:CBI)announced
today it has signed a cooperation agreement with Chiyoda Corporation to design
and build liquefied natural gas (LNG) export facilities in North America.

CB&I has a successful relationship with Chiyoda working jointly on LNG
projects in Australia, Russia and East Africa. This agreement extends the
companies' relationship to include North American LNG projects.

"Over the last decade, CB&I and Chiyoda have designed and built LNG projects
together around the world," said Philip K. Asherman, CB&I's President and
Chief Executive Officer. "The combination of our two companies' global LNG
expertise and CB&I's execution strength in North America offers our customers
a proven team with unmatched capabilities."

CB&I has served the LNG industry for more than 50 years, having led or
participated in more than 350 LNG projects and studies in 45 countries.
Chiyoda's LNG experience represents more than a 40 percent share of the
world's total installed LNG capacity. Chiyoda's involvement with CB&I in North
American LNG projects will complement the strategic focus of not only the
major traditional LNG players represented by the international oil companies
but also of the non-traditional LNG players including the Japanese offtakers
of North American produced LNG and their potential involvement as equity
holders.

About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in
the world and a major provider of government services. Drawing upon more than
a century of experience and the expertise of approximately 50,000 employees,
CB&I provides reliable solutions while maintaining a relentless focus on
safety and an uncompromising standard of quality. For more information, visit
www.cbi.com.

About Chiyoda Corporation
Chiyoda Corporation, headquartered in Yokohama, Japan, has for more than 60
years constantly leveraged its extensive experience and far- reaching global
network to give it an unrivaled advantage and has been at the forefront of
this relentless drive for innovative plant design and world-class project
execution, having been involved in every part of the gas value chain since the
inception of the LNG industry in the Middle East, Africa, Russia, South East
Asia and Oceania regions. For more information, visit
http://www.chiyoda-corp.com/en

Important Information For Investors And Shareholders

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding CB&I and
represents our expectations and beliefs concerning future events. These
forward-looking statements are intended to be covered by the safe harbor for
forward-looking statements provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve known and unknown risks
and uncertainties. When considering any statements that are predictive in
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words, terms, phrases or expressions such as "achieve," "forecast," "plan,"
"propose," "strategy," "envision," "hope," "will," "continue," "potential,"
"expect," "believe," "anticipate," "project," "estimate," "predict," "intend,"
"should," "could," "may," "might" or similar forward-looking statements, we
refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item 1A of our
Annual Report filed on Form 10-K filed with the SEC for the year ended
December 31, 2012, and any updates to those risk factors or "Forward-Looking
Statements" included in our subsequent Quarterly Reports on Form 10-Q filed
with the SEC, which cautionary statements are incorporated herein by
reference.

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SOURCE CB&I

Website: http://www.cbi.com
Contact: Media: www.CBI.com; or Investors: Christi Thoms +1 832 513 1200
 
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