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Bechtel Awarded $3.9 Billion Contract for Sabine Pass LNG Expansion

Company to Design and Build Two Liquefaction Trains

Bechtel has been selected by Cheniere Energy Partners, L.P. to provide engineering, procurement, and construction services for two new liquefaction trains at the Sabine Pass liquefied natural gas (LNG) terminal in Cameron Parish, Louisiana. The project builds on Bechtel's previous work at Sabine Pass where the company designed, built, and expanded the LNG receiving facility.

"We are thrilled Cheniere Partners has selected Bechtel for this important project that will transform Sabine Pass into a bi-directional facility capable of liquefying and exporting natural gas as well as importing and regasifying foreign-sourced LNG," said Jack Futcher, president of Bechtel's oil, gas, and chemicals business unit. "We look forward to continuing our successful collaboration with them."

Bechtel will design, construct, and commission the two liquefaction trains using the ConocoPhillips Optimized Cascade® technology. The liquefaction trains will be built next to the existing facilities at the Sabine Pass LNG terminal, which include five tanks with storage capacity of 16.9 billion cubic feet equivalent, two docks that can handle vessels up to 265,000 cubic meters, and vaporizers with regasification capacity of 4.0 billion cubic feet per day. Construction is expected to begin in 2012.

"Bechtel was chosen to develop and construct our liquefaction facilities due to their extensive LNG capabilities and experience in building some of the world's largest LNG production facilities. Our trains are being designed with the best combination of efficiency, cost, and reliability, and with the turndown capability needed to provide flexible LNG delivery programs," said Charif Souki, Chairman and CEO of Cheniere Energy Partners. "We have worked with Bechtel in the past on the construction of our existing Sabine Pass LNG terminal, which was completed on time and on budget, and look forward to another successful project."

Bechtel is a global leader in the construction of LNG facilities as evidenced by projects currently underway in Angola, Australia, and Nigeria, and facilities completed in Australia, Egypt, Equatorial Guinea, and Trinidad.

About Bechtel
Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done right -- no matter how big, how complex or how remote. Bechtel operates through five global business units that specialize in civil infrastructure; power generation; communications and transmission; mining and metals; oil, gas and chemicals; and government services.

Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, our 53,000 employees team with customers, partners and suppliers on diverse projects in nearly 50 countries. www.bechtel.com.