LNG

Feb 26 (LNGJ) - The LNG and energy engineering company Chicago Bridge and Iron posted net losses of $504 million for the year and $65.7m for the fourth quarter compared with profits of $543M and $150M respectively in the year-ago periods. New contract awards mounted to $13 billion, include bookings for an additional liquefaction Train for an LNG project in Texas and a combined-cycle gas turbine plant on the US Gulf Coast. CB&I was also selected for a short-list for engineering and construction of LNG developments in Mozambique. “Our efforts enable us to begin 2016 with a high-quality backlog,” said Philip K. Asherman, CB&I Chief Executive .