Company Announcements

HOUSTON--(BUSINESS WIRE)--Jan. 12, 2026-- Coastal Bend LNG today announced it has selected KBR, Inc. (NYSE: KBR) and Técnicas Reunidas (IBEXC: TRE) for the front-end engineering and design (FEED) of their planned natural gas liquefaction and export facility along the Texas Gulf Coast. Upon positive final investment decision, KBR and Técnicas Reunidas will proceed to execute the engineering, procurement, and construction (EPC) phase of the project.

KBR and Técnicas Reunidas will collaborate to execute the FEED for multiple large-scale trains with a design utilizing ConocoPhillips’ Optimized Cascade® Process (OCP) that meets Coastal Bend LNG’s goal of producing cost-competitive liquified natural gas (LNG) while simultaneously mitigating greenhouse gas emissions.

“KBR and Técnicas Reunidas bring impressive expertise in engineering and design across many process technologies, including LNG and industrial decarbonization, and share our mission to provide low-carbon energy to the world,” said Nick Flores, CEO, Coastal Bend LNG. He added, “Our collaboration with KBR, Técnicas Reunidas, and ConocoPhillips, and their combined experience in this space, will enable us to maximize our facility’s efficiency and economic targets, while minimizing our carbon intensity.”

“KBR is proud to collaborate with Coastal Bend LNG to help shape how LNG is produced and delivered to global markets from the Texas Gulf Coast,” said Jay Ibrahim, KBR President, Sustainable Technology Solutions. “This award underscores KBR’s leadership in designing energy infrastructure that is efficient and scalable, helping to meet global energy demands. With our deep roots in the Gulf Coast and over five decades of LNG expertise, we’re proud to assist Coastal Bend LNG’s goal of setting a new standard for low-carbon LNG energy production.”

“Coastal Bend LNG exemplifies how we, along with our customers and technology providers, can develop lower carbon LNG by applying decarbonization innovations to meet the evolving expectations of LNG end-markets,” said Arthur Crossley, Deputy CEO and Chief Commercial Officer, Técnicas Reunidas.

About Coastal Bend LNG

Coastal Bend LNG is a privately held energy infrastructure development company redefining LNG production with integrated carbon capture and storage to deliver low-carbon American energy to the world. For more information, visit www.coastalbendlng.com.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com.

About Técnicas Reunidas

Técnicas Reunidas is a global engineering company that has developed more than 2,600 projects in over 70 countries throughout its 65-year history.

It is specialized in the design and construction of large industrial plants mainly focused on the production of clean fuels, natural gas and chemical products.

The company is also at the forefront of technologies and solutions related to the energy transition, the circular economy and the decarbonization of facilities

With a workforce of more than 12,000 employees, most of whom are highly qualified engineers, Técnicas Reunidas’ headquarters in Spain is an important center of engineering excellence.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260111113668/en/

Catie Tuley, Corporate Communications, Coastal Bend LNG
pr@coastalbendlng.com

Jamie DuBray, Vice President - Investor Relations, KBR
+1 713 753 5082
Investors@kbr.com

Philip Ivy, Vice President - Global Communications and Marketing, KBR
+1 713 753 3800
MediaRelations@kbr.com

Miguel Paradinas, Media Relations Director, Técnicas Reunidas
mparadinas@grupotr.es
+34 91 158 44 95

Source: Coastal Bend LNG