THE WOODLANDS, Texas,
Nov. 29, 2016 /PRNewswire/
-- CB&I (NYSE:CBI) today announced it has been awarded a
contract valued in excess of $200
million by Puget Sound Energy, Inc. (PSE) for the
engineering, procurement, fabrication and construction of a
multi-purpose Liquefied Natural Gas (LNG) storage and fueling
terminal in Tacoma, Washington.
The scope of work includes a 30,000 cubic meter full containment
storage tank, liquefier and vaporizer. The facility will provide
peak shaving, marine bunkering and truck loading capabilities.
"CB&I and PSE have a historical relationship, and we are
pleased to be working with them on this project," said Luke Scorsone, CB&I's Executive Vice
President of Fabrication Services. "We are proud to have been
selected to design and build this multi-purpose LNG facility.
CB&I has a leading position across all aspects of the LNG
industry, and we look forward to helping PSE deliver dependable,
affordable natural gas service to transportation companies as well
as residential and commercial customers."
About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and
infrastructure for the energy industry. With over 125 years of
experience and the expertise of more than 40,000 employees,
CB&I provides reliable solutions to our customers around the
world 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, 2015, 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.
Investors: Scott Lamb, +1 832
513 1068, Scott.Lamb@CBI.com
Media: Gentry Brann,
+1 832 513 1031, Gentry.Brann@CBI.com
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SOURCE CB&I