CB&I, Chiyoda Nab USD 6 Bln Cameron LNG Contract

CB&I and Chiyoda Corporation said that the joint venture between CB&I and Chiyoda International Corporation, a U.S. based wholly-owned subsidiary of Chiyoda, has been awarded a contract valued at approximately $6 billion by Cameron LNG to construct the Cameron Liquefaction Project in Hackberry, La.

The scope of work includes engineering, procurement and construction for the addition of natural gas liquefaction and export facilities to the existing LNG regasification facility. The Cameron Liquefaction Project will be comprised of three liquefaction trains with a nameplate capacity of approximately 13.5 million tons per year of LNG. In February 2014, Cameron received conditional authorization from the U.S. Department of Energy (DOE) to export domestically produced LNG to countries that do not have a free trade agreement with the U.S., including those in Europe and Asia.

The project will create approximately 3,000 on-site jobs, as well as several hundred jobs at CB&I’s fabrication facilities in Louisiana and several hundred engineering and project management jobs in the company’s Baton Rouge, La., office to support the design, fabrication and construction of the facilities.

Subject to a final investment decision, finalization of permits and securing financing, Sempra Energy will have an indirect 50.2-percent ownership interest in Cameron and the related liquefaction project. The remaining portion of Cameron and the related liquefaction project will be owned by affiliates of GDF SUEZ S.A., Mitsubishi Corporation (through a related company jointly established with Nippon Yusen Kabushiki Kaisha and Mitsui & Co., Ltd., each with 16.6-percent stakes.

Press Release, March 18, 2014; Image: Cameron LNG

 

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