Engineer CB&I wins $300m deal for gas plant in US shale gas region

12 July 2011 15:16  [Source: ICIS news]

HOUSTON (ICIS)--CB&I has won a $300m (€213m) contract for a planned natural gas processing project in the US north-eastern Marcellus shale gas region, the US-based energy and petrochemicals engineering firm said on Tuesday.

CB&I said its contract for the 200m cubic foot/day natural gas processing plant, with associated fractionation capability, is expected to be completed next year.

The company did not disclose which firm awarded the contract or where exactly the plant will be built.

“As gas production ramps up in US shale basins, we are well positioned to support the infrastructure development needs of these strategically important projects,” Philip Asherman, CEO of CB&I, said.

Natural gas liquids from shale gas are seen as an important source of feedstock for chemicals production.

($1 = €0.71)

By: Stefan Baumgarten
+1 713 525 2653

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