CB&I wins $190MM LNG storage tank work

By Phaedra Friend Troy

CB&I (NYSE:CBI) has been awarded the contract to construct two LNG storage tanks for a major liquefaction project in Asia Pacific.

The $190 million contract includes engineering, procurement, fabrication of the two 160,000-cubic-meter LNG storage tanks.

While the company did not share which LNG liquefaction project for which it has been contracted, the project is scheduled to be completed in 2013.

CB&I, which stands for Chicago Bridge & Iron Co., boasts more than 100 years in the industry. CB&I Lummus is the division of the company that handles EPC projects in the refining, gas processing and LNG terminals sector. Additionally, CB&I has a flat-bottom storage tank division, CB&I Steel Plate Structures. The two groups boast more than $95 billion in projects tracked.

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