CB&I Announces Contract for LNG Export Facility
THE WOODLANDS, Texas, July 30, 2014
THE WOODLANDS, Texas, July 30, 2014 /PRNewswire/ --CB&I (NYSE:CBI) together
with its partner, Chiyoda Corporation (Chiyoda), announced today it has been
awarded a front end engineering design (FEED) services contract for a proposed
LNG export project by Golden Pass Products, LLC (GPP). GPP is a joint venture
between affiliates of Qatar Petroleum International and ExxonMobil.
The scope of work, which will be performed in conjunction with CB&I's partner
Chiyoda, includes FEED services for the GPP LNG liquefaction and export
facilities with a production capacity of 15.6 million tons of LNG per year
(5.2 MTPA x 3 trains). The new facility will be co-located at the site of the
existing LNG import terminal owned and operated by Golden Pass LNG Terminal
LLC, an affiliate of GPP. CB&I and Chiyoda successfully completed the pre-FEED
and engineering necessary to support Golden Pass' formal application to the
Federal Energy Regulatory Commission earlier this year. CB&I performed the
engineering and construction of the existing LNG import terminal, which became
operational in 2010.
"This award builds on CB&I and Chiyoda's involvement in many of the major LNG
projects taking place around the world," said Patrick K. Mullen, President of
CB&I's Engineering, Construction and Maintenance operating group. "We look
forward to continuing our strong relationship with Qatar Petroleum
International and ExxonMobil, which expands on the original development of the
Golden Pass Terminal."
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
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represents our expectations and beliefs concerning future events. These
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refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item 1A of our
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For more information, visit www.cbi.com
Contact: Media, www.CBI.com, or Investors, Christi Thoms, +1 832 513 1200
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