Zachry Industrial, Inc., a Zachry Group company, along with its joint venture partners CB&I and Chiyoda International Corporation, a U.S. based wholly-owned subsidiary of Chiyoda Corporation (TSE: 6366; ISIN: JP352860004), has been awarded a contract to build the third train of the Freeport LNG (FLNG) natural gas liquefaction and export facility on Quintana Island, near Freeport, Texas. Upon completion, the three-train facility will have a total export capacity in excess of 13.9 million tons per year of liquefied natural gas (LNG).

Zachry was the constructor of Freeport LNG’s original regasification terminal at this location, which was completed in 2008. A substantial increase in domestic natural gas production followed, making LNG export an attractive commercial alternative. Freeport LNG awarded contracts in 2013 to a joint venture between Zachry and CB&I, supported by Chiyoda, to perform project development, engineering, procurement, and construction services for the first two trains of the liquefaction proje;ct

Following regulatory approval, construction of trains one and two began in November 2014. Chiyoda International Corporation joins the Zachry-CB&I joint venture in developing the third train, which is slated to bring the facility to its full capacity in 2019

"This contract is the direct result of our work on the original project and the relationships we have forged with FLNG and our partners," said Zachry Senior Vice President and Director of Projects Steve Dedman. "We work well together and value the importance of that as we engage in a project of this magnitude.&qout;

At its peak, the Freeport LNG work will employ a skilled workforce of more than 4,000 people. With two other large-scale projects underway in Brazoria County, Zachry anticipates being able to draw on its existing pool of employees as these projects near completion and the staffing levels of the LNG project increase.

"This is an attractive opportunity for craft workers," said Zachry Construction Group President Ralph Biediger. "It also gives us a major advantage to work with seasoned Zachry employees who understand our processes and know how to work safely."

Zachry will continue its practice of recruiting and hiring additional employees required to meet project demands from the workforce residing in the Gulf Coast area. The company will also extend its history of local community involvement, creating employee volunteer opportunities that deliver a meaningful impact.

About Freeport LNG

Freeport LNG Expansion, L.P. is a wholly owned subsidiary of Freeport LNG Development, L.P., which owns and operates an existing LNG regasification terminal located near Freeport, Texas. The terminal started commercial operation in June 2008. Freeport LNG Development, L.P.’s limited partners are: Freeport LNG Investments, LLLP and FLNGI Option Holdco, LLC, each owned by Michael S. Smith; ZHA FLNG Purchaser LLC, a Delaware limited liability company; Texas LNG Holdings, LLC, a wholly owned subsidiary of The Dow Chemical Company; and Turbo LNG, LLC, a wholly owned subsidiary of Osaka Gas Co., Ltd.

About Chiyoda

Chiyoda Corporation (TSE: 6366; ISIN: JP3528600004), headquartered in Yokohama, Japan provides services in the fields of engineering, procurement and construction on a global basis for gas processing, refineries and other hydrocarbon or industrial plant projects, particularly gas value chain projects throughout the globe.

About CB&I

CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality.

About Zachry Group

Zachry Group is America's pace-setter in turnkey construction, engineering, maintenance, turnaround and fabrication services to the power, energy, chemicals, manufacturing and industrial sectors.

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