THE WOODLANDS, Texas,
March 26, 2015 /PRNewswire/
-- CB&I (NYSE:CBI) today announced a joint venture between
CB&I, Chiyoda International Corporation, a U.S. based
wholly-owned subsidiary of Chiyoda Corporation (TSE: 6366; ISIN:
JP3528600004), 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."
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 54,000 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
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding
CB&I and represents our expectations and beliefs concerning
future events. These forward-looking statements are intended to be
covered by the safe harbor for forward-looking statements provided
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties. When considering any statements that are predictive
in nature, depend upon or refer to future events or conditions, or
use or contain words, terms, phrases or expressions such as
"achieve," "forecast," "plan," "propose," "strategy," "envision,"
"hope," "will," "continue," "potential," "expect," "believe,"
"anticipate," "project," "estimate," "predict," "intend," "should,"
"could," "may," "might" or similar forward-looking statements, we
refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item
1A of our Annual Report filed on Form 10-K filed with the SEC for
the year ended December 31, 2014, and
any updates to those risk factors or "Forward-Looking Statements"
included in our subsequent Quarterly Reports on Form 10-Q filed
with the SEC, which cautionary statements are incorporated herein
by reference.
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SOURCE CB&I
