CB&I Congratulates the Cameron LNG Liquefaction Project Sponsors on Final Investment Decision

  CB&I Congratulates the Cameron LNG Liquefaction Project Sponsors on Final
                             Investment Decision

PR Newswire

THE WOODLANDS, Texas, Aug. 7, 2014

THE WOODLANDS, Texas, Aug. 7, 2014 /PRNewswire/ --CB&I (NYSE:CBI)
congratulates the Cameron liquefaction project sponsors for approving a final
investment decision for the development, construction and operation of the
natural gas liquefaction and export project planned at the site of Sempra
Energy's Cameron LNG receipt terminal in Hackberry, La. The sponsors are
Sempra LNG, GDF SUEZ S.A., Mitsui & Co., Ltd. and Mitsubishi Corporation
through a related company jointly established with Nippon Yusen Kabushiki
Kaisha.

The three-train natural gas liquefaction facilities will have an export
capability of 12 million tonnes per annum of liquefied natural gas (LNG), or
approximately 1.7 billion cubic feet per day. Subject to final regulatory
approval, satisfaction of conditions of the initial equity funding and first
disbursement of the financing, construction on the project is expected to
begin later this year. All three trains are expected to commence operations
during 2018, with the first full year of operations in 2019.

"CCJV, a joint venture contractor of CB&I and Chiyoda International
Corporation for the project, congratulates Sempra and the Cameron liquefaction
project sponsors on the approval of the final investment decision," said
Patrick K. Mullen, President of CB&I's Engineering, Construction and
Maintenance operating group. "This decision is a significant milestone for the
Cameron liquefaction project and we look forward to starting construction on
the project soon."

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.

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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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