CB&I, Chiyoda and Zachry Group Awarded Contract for LNG Liquefaction and Export Facility

CB&I announced a joint venture between CB&I, Chiyoda International Corporation, a U.S. based wholly-owned subsidiary of Chiyoda Corporation, and Zachry Industrial, Inc., a Zachry Group company, has been awarded a contract valued in excess of $2 billion by FLNG Liquefaction 3, LLC (Freeport LNG) for the engineering, procurement and construction of the third train of the three-train natural gas liquefaction and export facility on Quintana Island, near Freeport, Texas. The scope of work also includes a double-walled, full-containment 165,000 (gross) cubic meter liquefied natural gas (LNG) storage tank, which will be supplied by CB&I.

Upon completion, the three-train LNG liquefaction facility will have a total capacity in excess of 13.9 million tons per year of LNG. CB&I and Zachry began construction on trains one and two in November 2014, supported by Chiyoda.

"This award reflects on the ability of CB&I and our partners to maintain the level of excellence our customers expect, and further builds upon our strong presence along the U.S. Gulf Coast," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "CB&I has a proven track record for outstanding project execution and superior safety performance, and we look forward to working with our partners and Freeport LNG to successfully complete this project."