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CB&I Awarded Feed Contract for Shtokman LNG Export Terminal Project
CB&I (NYSE: CBI) announced today that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the sea port in Terriberka in the Murmansk region of the Russian Federation. The sea port is part of the Shtokman Gas-Condensate Field Development Project developed by Gazprom Dobycha Shelf LLC, a fully owned subsidiary of Gazprom JSC. CB&I's contract, which is scheduled for completion in 2011, has been awarded by Giprospetsgas JSC, the project general designer. The value of the contract was not disclosed.