CB&I Is Awarded Major LNG Facility in Texas

CB&I (NYSE: CBI) 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 US$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.