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CB&I has been awarded a substantial* lump sum contract by TJN Ruwais JV for engineering, procurement, and construction (EPC) of two cryogenic tanks and associated civil, structural, mechanical and piping works for its liquefied natural gas (LNG) project, located in Ruwais,ÌýAbu Dhabi, UAE. Once complete, the Ruwais LNG project will be the first net zero LNG facility in theÌýMiddle East. TJN Ruwais JV is a joint venture between Technip Energies France-Abu Dhabi, JGC Corporation and NMDC Energy.

Under the contract, CB&I will deliver twoÌý180,000m³Ìýfull containment concrete LNG tanks, including all piping and civil infrastructure. Project delivery will be led from CB&I's UAE office for tank construction,ÌýPlainfield, Ill., USA office for engineering, and CB&I'sÌýSaudi ArabiaÌýandÌýThailandÌýoffices will provide fabrication and modularization support, respectively.

"CB&I's commitment to the Gulf region for delivery of world-class LNG storage began in 1981 and is shown with this latest project award," saidÌýMark Butts, CEO of CB&I. "Our ability to offer execution certainty by utilizing the global reach uniquely available to CB&I for project delivery, coupled with a balance of cost and quality, allow CB&I to provide the best value product in the market. It also provides us with another opportunity to contribute to the energy transition market."

CB&I's construction activities are expected to commenceÌýin NovemberÌý2025Ìýwith project completion targeted in early 2028.

*CB&I defines a substantial contract as between USDÌý$250 millionÌýandÌý$500 million.Ìý

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