CB&I Awarded LNG Project In Chile

CB&I has been awarded a contract by GNL Quintero S.A. of Chile to build a liquefied natural gas (LNG) regasification terminal at Quintero Bay, Chile. The contract is valued at approximately $775 million. GNL Quintero S.A. is a joint venture between Endesa Chile, ENAP, Metrogas Chile and BG Group plc.

CB&I's scope includes the engineering, procurement and construction of a regasification and sendout system, a new marine jetty with complete ship unloading facilities, two large full containment LNG storage tanks and a smaller storage tank.

"We appreciate the confidence shown by GNL Quintero S.A. in selecting CB&I to design and build this significant project," said Philip K. Asherman, CB&I's President and CEO. "CB&I has 40 years of experience working in Chile and is proud to be an active partner in providing new facilities that will help meet the country's future energy needs."

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Posted 06/06/07

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