Yokogawa Selected as MAC by LNG Canada and Wins Control Systems FEED Order

Tokyo, Japan - November 27, 2014

Yokogawa Electric Corporation announces that it has been selected as the main automation contractor (MAC) for a natural gas liquefaction project that is proposed by LNG Canada, a joint venture comprised of Shell Canada Energy (50%), an affiliate of Royal Dutch Shell plc, and affiliates of PetroChina (20%), Korea Gas Corporation (15%) and Mitsubishi Corporation (15%). In addition, Yokogawa Electric International, a Yokogawa subsidiary that manages the company's global control business, has won an order to provide comprehensive control system-related front-end engineering and design (FEED) services to CFSW LNG Constructors (CFSW), the main contractor for LNG Canada. CFSW is a joint venture that was set up by the Canadian subsidiaries of Chiyoda Corporation (Japan), Foster Wheeler AG (UK), Saipem S.p.A. (Italy), and WorleyParsons Limited (Australia) to execute this project.

The proposed LNG Canada project includes the design, construction and operation of a gas liquefaction plant and facilities for the storage and export of liquefied natural gas (LNG), including marine facilities in Kitimat, British Columbia. LNG Canada will initially consist of two LNG processing units referred to as "trains," each with the capacity to produce approximately six million tonnes of LNG annually, with an option to expand the project in the future to four trains.

Subject to a financial investment decision by LNG Canada for the proposed LNG project after the completion of the FEED phase, Yokogawa will proceed to deliver its CENTUM^® VP integrated production control system and ProSafe^®-RS safety instrumentation system as the project's MAC. In this role, Yokogawa will also propose various other solutions to the customer with the aim of ensuring the safe and stable operation of the plant.

About Yokogawa

Yokogawa's global network of 86 companies spans 56 countries. Founded in 1915, the US$4 billion company conducts cutting-edge research and innovation. Yokogawa is engaged in the industrial automation and control (IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit the company's website www.yokogawa.com.