CB&I Awarded Front-End Engineering and Design Contract for the Development of the Goldboro LNG Project

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
 
Press spacebar to pause and continue. Press esc to stop.