CB&I Supports Offshore LNG Terminal Development.

THE WOODLANDS, Texas -- Leveraging its decades of experience and leading technologies in liquefied natural gas (LNG) storage and offshore structures, CB&I (NYSE:CBI) now offers a variety of solutions for the design and construction of offshore LNG import terminals.

One such solution combines conventional cylindrical LNG storage tanks with a concrete gravity based structure (GBS). Ideal for shallow water environments such as the Gulf of Mexico, CB&I's GasPORT (TM) concept offers significant advantages in terms of shorter schedule, lower cost and flexible design using proven technology.

CB&I's GasPORT incorporates a concrete GBS as the primary component acting as the foundation and support structure for the facility. The terminal is equipped with integrated facilities for mooring and berthing of the LNG carrier; berthing of supply vessels; LNG unloading, storage and regasification; utilities; natural gas transport to shore; and crew accommodations. LNG storage is provided in a series of conventional cylindrical tanks that are anchored to the GBS.

GasPORT is designed to withstand the adverse environmental conditions typically found in offshore locations. Design loadings have been factored into CB&I's terminal concept to achieve maximum reliability and safe operation. CB&I's engineers have evaluated wind, wave states, scour and anchorage of the GBS on the ocean floor, as well as graving dock, towing and mooring requirements in their design considerations.

"Drawing upon more than 65 years of combined experience in the LNG and offshore industries, we believe our GasPORT LNG terminal concept offers a cost-effective and reliable solution to help meet the growing U.S. demand for natural gas," said Gerald M. Glenn, CB&I's Chairman, President and CEO. "We're pleased to offer this new development, based on proven technology and our unparalleled experience, as well as a number of other offshore terminal concepts to companies seeking to tap the burgeoning LNG import market."

CB&I is in a unique position to offer full engineering, procurement and construction (EPC) services for offshore LNG facilities. A pioneer and technology leader in the LNG industry, CB&I has designed and constructed more than 40 LNG terminals and peak shaving plants and more than 200 LNG storage tanks around the world. Furthermore, with the broad offshore experience and capabilities of its CB&I John Brown unit, CB&I's integrated approach to offshore LNG import terminals leverages extensive worldwide offshore project background and technology. CB&I John Brown has been responsible for engineering and project management of more than 100 jacket structures, over 15% of the world's offshore semi-submersible/tension leg platforms, and numerous subsea flow lines, trunk lines and production/riser systems.

In addition to gravity based structure designs, CB&I has the technical capabilities and experience to develop offshore LNG terminals based on more traditional jacket substructures and topsides for the regasification equipment.

CB&I is one of the world's leading EPC companies, specializing in lump-sum turnkey projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 10,000 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.CBIepc.com.