(Source: Business Wire)
CB&I (NYSE:CBI) has been awarded a contract in excess of US$100 million
by UGI LNG, Inc. to engineer, procure and construct the expansion of the
Temple LNG peak shaving facility near Reading, Pennsylvania.
CB&I's work scope includes the addition of a new 50,000 cubic meter
liquefied natural gas storage tank and related processing facilities
designed to provide 150 million cubic feet of natural gas per day during
peak demand periods. The Temple LNG expansion will connect directly into
the Texas Eastern pipeline to provide gas supplies for the Mid-Atlantic
and northeast markets.
About UGI
UGI LNG, a wholly-owned subsidiary of UGI Energy Services, Inc. (UGIES),
owns and operates liquefied natural gas storage facilities in
Pennsylvania. UGIES markets natural gas on thirty local distribution
companies on the East Coast, owns natural gas peaking facilities, and
actively manages a portfolio of natural gas transportation and storage
assets. UGIES also owns and operates electric generation plants, as well
as a major refrigerated propane import facility. UGIES is a wholly-owned
subsidiary of UGI Corporation (NYSE:UGI), a holding company with propane
marketing, utility and energy marketing subsidiaries. UGI and its family
of companies have been in the LNG business for over thirty years.
Through subsidiaries, UGI owns 44% of AmeriGas Partners, L.P.
(NYSE:APU), the nation's largest retail propane marketer.
About CB&I
CB&I
designs, engineers and constructs some of the world's largest energy
infrastructure projects, providing a full
spectrum of EPC solutions and proven process
technologies. Drawing upon more than a century
of experience and the expertise
of approximately 17,000 employees worldwide, CB&I safely and reliably
executes more than 600 projects a year through its three business
sectors: CB&I
Lummus builds upstream and downstream oil & gas projects, LNG
liquefaction and regasification terminals, and a wide range of other
energy related projects; CB&I
Steel Plate Structures designs, fabricates and constructs storage
tanks and containment vessels and their associated systems for the oil &
gas, water & wastewater, mining and nuclear industries; Lummus
Technology capitalizes on more than 1,500 patents and patent
applications to provide process technologies and catalysts
for petrochemical facilities, oil refineries and gas processing plants.
For more information, visit www.CBI.com
or access technical details at Lummus
Technology Fact Sheets. If you would like to be added to CB&I's news
release email distribution list, visit www.cbi.com/ir/news.htm.
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