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Chicago Bridge & Iron's CEO Discusses Q2 2012 Results - Earnings Call Transcript

So I will ask Lasse and Dan to walk you around the backlog and new awards, and then Ron will summarize the financial reports. Lasse?

Lasse Petterson

Thank you, Phil. Good afternoon. As in the last earnings call, I gave my comments on some trends in our key markets, including the new awards this quarter, and then provide a brief update on some of our larger ongoing projects.

Global market trends are positive, in all our seven primary end markets. As reported last quarter, the LNG trade is projected to continue growing at a rate twice as fast as natural gas production, but the LNG portion of gas supply forecasted to increase approximately 20% over the next two decades. This will provide us with good EPC product opportunities, and we have positioned CB&I well for this EPC contracts, by winning and executing six LNG liquefaction FEED studies the last year.

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