CB&I continues to have strong market outlook
CB&I continues to have a strong market outlook across a range of projects and offerings, including: Independent market forecasts continue to predict that global LNG demand will exceed supply by 2022-2023. To meet this demand, CB&I expects clients to make final investment decisions on key prospects in late 2018 or early 2019. The company and its joint venture partners continue to be well positioned in the U.S. Gulf Coast and East African regions to capitalize on the strengthening LNG market. The U.S. remains an attractive market for the petrochemical industry due to the abundance of secure and inexpensive feedstock. The company's EPC prospects in the U.S. include ammonia and methanol projects that CB&I is developing through front-end engineering work. Additionally, global demand remains healthy due to growth in ethylene, propylene, and various derivatives, especially in China, Southeast Asia, India and the Middle East. CB&I, through its Chevron Lummus Global joint venture, has a strong portfolio of technologies across a range of refining processes, from upgrading heavy oils to the production of cleaner and higher octane fuels.