Chiyoda Awarded Onshore FEED & Execution Planning Order for the Barzan Project in the State of Qatar

Business Wire, May 12, 2008

YOKOHAMA, Japan -- Chiyoda Corporation (TOKYO:6366)(ISIN:JP3528600004) has been awarded the Front-End Engineering Design (FEED) & execution planning contract for the Barzan Onshore Gas Plant which is located in the State of Qatar and under the responsibility of Qatar Petroleum. RasGas Company Limited (RasGas) will direct (oversee) the FEED work.

The Barzan project is planned in order to meet the natural gas requirements of the growing local market for electricity and water in Qatar. The Barzan Project is included as a part of the gas development scheme for the North Field, the world's largest non-associated gas reserve.

The FEED & execution planning work scope is for two gas processing trains with a nominal feed gas design capacity of 1,700 MMscfd. The scope also includes definition of a possible third train. The onshore portion of the Barzan Project will be constructed on a green-field site within Ras Laffan Industrial City (90 km north of Doha) in the State of Qatar. The FEED work is targeted for completion in the 2nd quarter of 2009.

Chiyoda has and is executing a number of FEED and EPC (Engineering, Procurement and Construction) projects for LNG and gas plant facilities in Qatar including Al-Khaleej Gas 1 with capacity of 750 MMscfd and Al-Khaleej Gas Phase 2 with a capacity of 1,250 MMscfd. Lessons learned from these projects, other ongoing LNG projects in the region, as well as its technical experience in processing gas from the North Field are capabilities that Chiyoda brings to the FEED and execution planning work of Barzan.

Chiyoda Corporation, headquartered in Yokohama, Japan, provides services in the field of engineering, procurement and construction for gas processing, refineries and other hydrocarbon or other industrial plant projects, particularly for Gas Value Chain Projects, on a global basis including the Middle East, Russia and South East Asian, Africa and Oceania regions. For 60 years, Chiyoda has constantly leveraged its extensive experience and far-reaching global network to give it an unrivaled advantage.