CB&I Awarded Front-End Engineering and Design Contract for the Development of the Goldboro LNG Project PR Newswire THE WOODLANDS, Texas, June 4, 2014 THE WOODLANDS, Texas, June 4, 2014 /PRNewswire/ --CB&I (NYSE:CBI) today announced it has been awarded a contract by Pieridae Energy (Canada) Ltd (Pieridae) for the Front-End Engineering and Design (FEED) of the Goldboro LNG project located at the Goldboro Industrial Park in Guysborough County, Nova Scotia, Canada. Under the FEED contract, CB&I will design and engineer two LNG liquefaction trains and associated facilities in preparation for the Engineering, Procurement and Construction phase. "CB&I has served the liquefied natural gas industry for more than 50 years, and this award builds on that experience," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group. "We look forward to working with Pieridae on the Goldboro LNG project, which upon completion will serve as North America's closest mainland LNG export terminal to Europe and India." Goldboro LNG will produce up to 10 million metric tonnes per annum (MTPA) of LNG per year and will have on-site storage capacity of 690,000 cubic meters of LNG. Pieridae is in advanced discussions with several natural gas producers, pipeline operators and LNG customers. In June 2013, Pieridae entered into a 20-year sales agreement with E.ON Global Commodities SE, a subsidiary of one of the world's largest investor-owned power and gas companies, to deliver approximately 5 MTPA of LNG from Goldboro LNG to E.ON. 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. With 125 years of experience and the expertise of approximately 55,000 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. 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 nature, depend upon or refer to future events or conditions, or use or contain 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, 2013, 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. For more information, visit www.cbi.com Logo- http://photos.prnewswire.com/prnh/20130430/DA04155LOGO SOURCE CB&I Website: http://www.cbi.com Contact: Media: www.cbi.com or Investors: Christi Thoms +1 832 513 1200
CB&I Awarded Front-End Engineering and Design Contract for the Development of the Goldboro LNG Project
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