U.S. firm Eagle LNG signs deal to set up Aruba receiving terminal

U.S. firm Eagle LNG Partners signed a long-term contract to set up a $100-million liquefied natural gas (LNG) receiving and regasification terminal in Aruba with domestic power and water utility WEB Aruba, the companies said. The Aruba LNG terminal, located at Refineria di Aruba, the site of an idled refinery in the city of San Nicolas, will serve as WEB’s LNG receiving and regasification terminal for its Balashi power plant, the firms said in a statement on Thursday. WEB plans to use LNG as a transition fuel eventually leading to an evenly-divided mix of renewable energy and alternative fuels, its chief executive, Serapio Wever, said. The infrastructure investment in the Caribbean island is about $100 million.


Source: Reuters