CB&I Awarded LNG Project in Chile.

THE WOODLANDS, Texas -- CB&I (NYSE:CBI) 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 (NYSE:BRG).

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."

CB&I executes more than 500 projects each year and is one of the world's leading engineering, procurement and construction (EPC) companies, specializing in projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 13,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere. Information about CB&I is available at www.CBI.com.