CB&I Wins LNG Peak Shaving Facility Award.THE WOODLANDS, Texas -- CB&I (NYSE NYSE See: New York Stock Exchange :CBI) has been awarded a lump-sum turnkey contract valued at approximately US$80 million for a liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) peak shaving project in Waterbury, Conn. The facility will be owned and operated by Yankee Gas Services Company, a subsidiary of Northeast Utilities (NYSE: NU). The facility is designed to provide natural gas service during peak usage periods to residential, commercial and industrial customers of Yankee Gas in Connecticut. (Yankee Gas Services Company issued a news release on this project Oct. 18, 2004.) CB&I's work scope includes the engineering, procurement and construction n the protocols required before beginning therapy, usually of a diagnostic nature; before treatment. pretreatment estimate, n See predetermination. system, liquefaction and regasification systems, storage tank, and all related plant structures and systems necessary to complete the turnkey facility. CB&I pioneered the full containment design in the early 1960s and has extensive international experience with this concept. The tank for Yankee Gas will be a full containment LNG storage tank, consisting of a freestanding inner tank constructed of 9% nickel steel and an outer tank shell and roof constructed of reinforced concrete. The facility is scheduled to be placed into service for the 2007/2008 winter heating season. "We are pleased to have been selected by Yankee Gas for this project," said Gerald M. Glenn, CB&I's Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "CB&I designed and built the first LNG peak shaving plant in the U.S. in 1965, and we are confident our industry-leading experience and technology will bring value to this project from concept through commissioning." CB&I is one of the world's leading engineering, procurement and construction (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. |
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