CB&I Garners LNG Terminal Contract

CB&I has been awarded a contract by Golden Pass LNG Terminal LLC for the engineering, procurement, fabrication and construction of a liquefied natural gas (LNG) import terminal located near Sabine Pass, Texas. The award is valued in excess of $1 billion.

CB&I has complete responsibility for the terminal, which will have an import capacity to process 15.6 million tons per year (MTA) of LNG, which is equivalent to approximately 2 billion cubic feet per day of natural gas. The project includes two ship unloading berths; five full-containment LNG storage tanks, each with a capacity of 155,000 cubic meters; a regasification and sendout system; and related ancillary buildings and systems. Initial engineering, procurement and site preparation activities are under way. Terminal start-up is planned for 2009. At its peak, the project is expected to create over 1,000 construction jobs in Southeast Texas.

"We are pleased to have been chosen for this landmark project," said Philip K. Asherman, CB&I's president and CEO. "The Golden Pass award builds on our decades of proven worldwide experience in the LNG industry. And it also marks an important milestone in our longstanding relationships with Qatar Petroleum, Exxon Mobil Corporation and ConocoPhillips Company, as we work together to safely construct the Golden Pass LNG terminal to help meet growing U.S. energy demand."

CB&I executes on average more than 700 projects each year and is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 10,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere.

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