CB&I Awarded Front-End Engineering and Design Contract for the Development of the Goldboro LNG Project

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Jun 04, 2014, 08:00 ET

THE WOODLANDS, Texas, June 4, 2014 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Pieridae Energy (Canada) Ltd (Pieridae) for the Front-End Engineering and Design (FEED) of the Goldboro LNG project located at the Goldboro Industrial Park in Guysborough County, Nova Scotia, Canada. Under the FEED contract, CB&I will design and engineer two LNG liquefaction trains and associated facilities in preparation for the Engineering, Procurement and Construction phase.

"CB&I has served the liquefied natural gas industry for more than 50 years, and this award builds on that experience," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group. "We look forward to working with Pieridae on the Goldboro LNG project, which upon completion will serve as North America's closest mainland LNG export terminal to Europe and India."

Goldboro LNG will produce up to 10 million metric tonnes per annum (MTPA) of LNG per year and will have on-site storage capacity of 690,000 cubic meters of LNG. Pieridae is in advanced discussions with several natural gas producers, pipeline operators and LNG customers. In June 2013, Pieridae entered into a 20-year sales agreement with E.ON Global Commodities SE, a subsidiary of one of the world's largest investor-owned power and gas companies, to deliver approximately 5 MTPA of LNG from Goldboro LNG to E.ON.

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