CB&I Applauds FERC Approval For Cameron LNG Liquefaction-Export Project - NEWS10 ABC: Albany, New York News, Weather, Sports

CB&I Applauds FERC Approval For Cameron LNG Liquefaction-Export Project

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SOURCE CB&I

THE WOODLANDS, Texas, June 20, 2014 /PRNewswire/ -- CB&I (NYSE:CBI) applauds Cameron LNG, a subsidiary of Sempra Energy, for receiving authorization from the Federal Energy Regulatory Commission (FERC) to site, construct and operate a natural gas liquefaction and export facility at the site of the company's LNG receipt terminal in Hackberry, La.

Chiyoda Logo.

The FERC permit is one of the last major regulatory approvals required to start construction on the natural gas liquefaction facility.

The authorization approves the development of the three-train liquefaction facility that will provide an export capability of 12 million tonnes per annum of LNG, or approximately 1.7 billion cubic feet per day, and will allow CB&I and its joint venture partner, Chiyoda, to access the site and begin construction later this year.

"CC JV, a joint venture contractor of CB&I and Chiyoda International Corporation for the project, congratulates Sempra on this important milestone that brings us one step closer to the start of construction," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group. "Cameron LNG will bring a large number of engineering and construction craft jobs to the Louisiana Gulf Coast, and we are proud to be a part of such an important 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 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

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, 2013, 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.

For more information, visit www.cbi.com

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