Mitsubishi Heavy Industries Ltd. said Thursday its U.S. subsidiary and a partner have won a contract to build two liquefied natural gas storage tanks for Sabine Pass LNG L.P., a subsidiary of Houston-based Cheniere Energy Inc.

The contract was won by Mitsubishi Heavy Industries America Inc. and U.S. firm Zachry Construction Corp. and is estimated to be worth 16 billion yen.

According to the agreement, the contractors will build the tanks by spring 2009 at Cheniere’s Sabine Pass LNG receiving terminal, now under construction in Louisiana on the Gulf Coast. The work will begin in August.

Mitsubishi Heavy will be in charge of engineering and construction of the 160,000-cu.-meter tanks and Zachry will be responsible for engineering and installation at the site.

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