IHI & Kiewit JV Partnership Wins EPC Contract for Cove Point LNG Facility

HOUSTON, April 2, 2013 /PRNewswire/ -- Dominion Resources, Inc. and a joint venture comprised of IHI E&C International Corporation, a wholly owned subsidiary of IHI Corporation (TSE: 7013), and Kiewit Energy Company, have entered into an engineering, procurement and construction (EPC) contract to develop the Cove Point liquefied natural gas (LNG) facility located on the Chesapeake Bay in Lusby, Maryland. The IHI/Kiewit joint venture will design and construct, commission and start up an estimated (5.25) five million 250 thousand tonnes per annum (MTPA) liquefaction facility, with completion expected in 2017.

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IHI E&C successfully completed the front-end engineering design (FEED) portion of the Cove Point liquefaction project in January, with support from Kiewit Oil, Gas and Chemical North America Inc., prior to entering into the Joint Venture relationship.

About IHI
IHI E&C provides engineering and construction services to the global oil and gas industry, specializing in design, engineering, procurement, construction and project management for the gas processing, LNG, power, petrochemicals & chemicals, refining, synthesis gas and mining markets. IHI E&C is based in Houston, Texas.

IHI Corporation (IHI) is a global engineering, construction and manufacturing company with approximately 27,000 employees in more than 10 manufacturing centres in Japan, 18 branches and sales offices in Japan, 14 offices and 142 subsidiaries worldwide. For more information, visit www.ihi.co.jp/en.

About Kiewit
April 1, 2013, Kiewit is one of North America's largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned company operates through a network of offices in the United States, Canada and abroad. Kiewit offers construction and engineering services in a variety of markets including transportation, water/wastewater, heavy civil, power, oil, gas and chemical, building and mining. Kiewit had 2012 revenues of more than $11 billion and employs more than 30,000 staff and craft.

For further information contact:
Brooke Anding, Communications Manager, IHI E&C
Tel: +1 713 409 7539, email: [email protected]

Bob Kula, Vice President, Corporate Communication, Kiewit
Tel: +1 402 943 5088, email: [email protected]

SOURCE E&C International Corporation