CB&I (NYSE:CBI) announced today that it has been awarded a contract, valued in excess of US$500 million, for the engineering, fabrication and construction of two 160,000 cubic meter LNG storage tanks, as well as additional work for a confidential LNG liquefaction project in the Asia Pacific region. CB&I's contract is expected to be completed in 2015.

"We are pleased to be selected for this significant project," said Philip K. Asherman, President and CEO. "This award builds on our decades of proven worldwide experience in the LNG industry and capitalizes on CB&I's extensive history in the Asia Pacific region."

About CB&I

CB&I (NYSE:CBI) engineers and constructs some of the world's largest energy infrastructure projects. With premier process technology, proven EPC expertise, and unrivaled storage tank experience, CB&I executes projects from concept to completion. Safely. Reliably. Globally. For more information, visit www.cbi.com.

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